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Mercantilism. Mercantilism assumes two things: 1) there is a finite level of world trade which is realisible (i.e.) trade itself is a good); 2) trade is a zero sum game where both parties do not benefit (i.e.) one party will always benefit at the expense of the other; they assume exporting and accumulating coinage is the positive result of trade).

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mercatilism


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The theory that if one country fell to communism the neighboring countries might also fall?

damino theory


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