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Is Mercantilism bankrupt theory that has no place in the modern world?
In its purest sense, mercantilism is a bankrupt theory that has no place in the modern world. The principle tenant of mercantilism is that a country should maintain a trade surplus, even if that means that imports are limited by government intervention. This policy is bankrupt for at least two reasons. First, it is inconsistent with the general notion of globalization, which is becoming more and more prevalent in the world. A policy of mercantilism will anger potential trade partners because it will exclude their goods from free access to the mercantilist country's markets. Eventually, a country will find it difficult to export if it imposes oppressive quotas and tariffs on its imports. Second, mercantilism is bankrupt because it hurts the consumers in the mercantilist country. By denying its consumers access to either "cheaper" goods from other countries or more "sophisticated" goods from other countries, the mercantilist country's ordinary consumers suffer.
Why is there money when the world is already bankrupt?
In the banks because they help the Americans and they lose money.
What was the economic status of Britain at the end of World War 2?
The UK was nearly bankrupt at the end of World War 2
What would the world be like if we all become vegetarians?
Millions of farmers and ranchers would go bankrupt and there would be a disastrous world wide depression.
Who are the developing economy's countries in world?
Most developing countries are in Africa, although any country pre-industrialization and in this millennium, digitalization can be considered to have a developing economy.
What were the economic effects of World War 1?
The economies of both victorious and lost countries were in a very bad condition. Countries except America and Japan whether won or lost became BANKRUPT!!
How do british people were needy after world war 2?
Britain, like most other European countries, was virtually bankrupt at the end of World War 2 and heavily in debt to the US for supplies received during the war.
Is blansett pharmacal bankrupt?
If they're not bankrupt yet, they soon will be!! All the money made (if any) goes into LB's pockets.
Is there any countries in the world that start with an x?
No.
Is there any country in the world that does not have any public schools?
Yes. Some third world countries do not.
What countries are second world countries?
There aren't any. The "second world" refers to the communist bloc which no longer exists.
Which countries are second world countries?
There aren't any. The "second world" refers to the communist bloc which no longer exists.
What was the state of Japan's economy following World War 2?
Bankrupt
What happens to my cargo on a vessel whose company has gone bankrupt?
It should not be effected in any way. It is not part of the bankrupt assets. It is a bailor/bailee relationship.
What is the word for being without any money?
Being broke or bankrupt >_<
What countries make the world cup football?
any country or any country that qualifies.
Is France still in the British Empire?
No, all of the countries that were once in the British Empire were all freed at the end of World War 2 as Britain was nearly bankrupt! Also, I don't think France was ever in the British Empire.
