Does mercantilism still exist today

Answer 1

While mercantilism as an economic theory has largely been replaced by free trade principles, some elements persist in modern economic practices. Many countries still implement protectionist policies, such as tariffs and quotas, to enhance their trade balance and support domestic industries. Additionally, national strategies for economic development often reflect mercantilist ideas, focusing on exporting goods and accumulating wealth. Therefore, while the term "mercantilism" may not be commonly used, its influence can still be observed in contemporary trade policies.