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Mercantilist
Mercantilism is a nationalist economic policy that is designed to maximize the exports and minimize the imports of an economy. It seeks to maximize the accumulation of resources within the country and use those resources for one-sided trade. The concept aims to reduce a possible current account deficit or reach a current account surplus, and it includes measures aimed at accumulating monetary reserves by a positive balance of trade, especially of finished goods. Historically, such policies may have contributed to war and motivated colonial expansion. Mercantilist theory varies in sophistication from one writer to another and has evolved over time. Mercantilism promotes government regulation of a nation's economy for the purpose of augmenting and bolstering state power at the expense of rival national powers. High tariffs, especially on manufactured goods, were almost universally a feature of mercantilist policy. Before it fell into decline, mercantilism was dominant in ...
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Economic Nationalism
Economic nationalism or nationalist economics is an ideology that prioritizes state intervention in the economy, including policies like domestic control and the use of tariffs and restrictions on labor, goods, and capital movement. The core belief of economic nationalism is that the economy should serve nationalist goals. As a prominent modern ideology, economic nationalism stands in contrast to economic liberalism and economic socialism. Economic nationalists oppose globalization and some question the benefits of unrestricted free trade. They favor protectionism and advocate for self-sufficiency. To economic nationalists, markets are to be subordinate to the state, and should serve the interests of the state (such as providing national security and accumulating military power). The doctrine of mercantilism is a prominent variant of economic nationalism. Economic nationalists tend to see international trade as zero-sum, where the goal is to derive relative gains (as opposed to ...
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Tariff
A tariff or import tax is a duty (tax), duty imposed by a national Government, government, customs territory, or supranational union on imports of goods and is paid by the importer. Exceptionally, an export tax may be levied on exports of goods or raw materials and is paid by the exporter. Besides being a source of revenue, import duties can also be a form of regulation of International trade, foreign trade and policy that burden foreign products to encourage or safeguard domestic industry. Protective tariffs are among the most widely used instruments of protectionism, along with import quotas and export quotas and other non-tariff barriers to trade. Tariffs can be fixed (a constant sum per unit of imported goods or a percentage of the price) or variable (the amount varies according to the price). Tariffs on imports are designed to raise the price of imported goods to discourage consumption. The intention is for citizens to buy local products instead, which, according to support ...
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Neomercantilism
Neomercantilism (also spelled neo-mercantilism) is a policy regime that encourages exports, discourages imports, controls capital movement, and centralizes currency decisions in the hands of a central government. The objective of neomercantilist policies is to increase the level of foreign reserves held by the government, allowing more effective monetary policy and fiscal policy. Background Neomercantilism is considered the oldest school of thought in international political economy (IPE). It is rooted in mercantilism, a preindustrial doctrine, and gained ground during the Industrial Revolution. It is also considered the IPE counterpart of realism in the sense that both hold that power is central in global relations. This regime is also associated with corporatocracy particularly during the 1970s when both were treated as components of a functional system and policy goals. In the United States, neomercantilism was embraced in the late 20th century amidst the move to buttress A ...
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Antonio Serra
Antonio Serra was a late 16th-century Italian philosopher and economist in the mercantilist tradition. Biography Little is known about Serra's life. He was born in Cosenza in the late 16th century (the dates of his birth and death are unknown Alessandro Roncaglia, ''The wealth of ideas: a history of economic thought'', Cambridge University Press, 2005, p. 48.). When working in Naples, he applied himself to solving the enormous social and economic problems created by the Spanish viceroy system. In 1613 Serra was jailed for unknown reasons but possibly due to his involvement in a conspiracy with the philosopher Tommaso Campanella attempting to free Calabria from the Spanish domination. In his treatise, ''Breve trattato delle cause che possono far abbondare li regni d’oro e d’argento dove non sono miniere'', Serra analysed the causes of the shortage of coin in the Kingdom of Naples and the factors that could have reversed this economic trend Economic trend may refer to: *all th ...
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Balance Of Trade
Balance of trade is the difference between the monetary value of a nation's exports and imports of goods over a certain time period. Sometimes, trade in Service (economics), services is also included in the balance of trade but the official IMF definition only considers goods. The balance of trade measures a flow variable of exports and imports over a given period of time. The notion of the balance of trade does not mean that exports and imports are "in balance" with each other. If a country exports a greater value than it imports, it has a trade surplus or positive trade balance, and conversely, if a country imports a greater value than it exports, it has a trade deficit or negative trade balance. As of 2016, List of countries by net exports, about 60 out of 200 countries have a trade surplus. The idea that a trade deficit is detrimental to a nation's economy is often rejected by modern trade experts and economists. Explanation The balance of trade forms part of the Current ...
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Colonialism
Colonialism is the control of another territory, natural resources and people by a foreign group. Colonizers control the political and tribal power of the colonised territory. While frequently an Imperialism, imperialist project, colonialism can also take the form of settler colonialism, whereby settlers from one or multiple colonizing metropoles occupy a territory with the intention of partially or completely supplanting the existing population. Colonialism developed as a concept describing European colonial empires of the modern era, which spread globally from the 15th century to the mid-20th century, spanning 35% of Earth's land by 1800 and peaking at 84% by the beginning of World War I. European colonialism employed mercantilism and Chartered company, chartered companies, and established Coloniality of power, coloniality, which keeps the colonized socio-economically Other (philosophy), othered and Subaltern (postcolonialism), subaltern through modern biopolitics of Heterono ...
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Renaissance
The Renaissance ( , ) is a Periodization, period of history and a European cultural movement covering the 15th and 16th centuries. It marked the transition from the Middle Ages to modernity and was characterized by an effort to revive and surpass the ideas and achievements of classical antiquity. Associated with great social change in most fields and disciplines, including Renaissance art, art, Renaissance architecture, architecture, politics, Renaissance literature, literature, Renaissance exploration, exploration and Science in the Renaissance, science, the Renaissance was first centered in the Republic of Florence, then spread to the Italian Renaissance, rest of Italy and later throughout Europe. The term ''rinascita'' ("rebirth") first appeared in ''Lives of the Artists'' () by Giorgio Vasari, while the corresponding French word was adopted into English as the term for this period during the 1830s. The Renaissance's intellectual basis was founded in its version of Renaiss ...
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Early Modern Period
The early modern period is a Periodization, historical period that is defined either as part of or as immediately preceding the modern period, with divisions based primarily on the history of Europe and the broader concept of modernity. There is no exact date that marks the beginning or end of the period and its extent may vary depending on the area of history being studied. In general, the early modern period is considered to have lasted from around the start of the 16th century to the start of the 19th century (about 1500–1800). In a European context, it is defined as the period following the Middle Ages and preceding the advent of modernity; but the dates of these boundaries are far from universally agreed. In the context of World history (field), global history, the early modern period is often used even in contexts where there is no equivalent "medieval" period. Various events and historical transitions have been proposed as the start of the early modern period, including ...
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Venice
Venice ( ; ; , formerly ) is a city in northeastern Italy and the capital of the Veneto Regions of Italy, region. It is built on a group of 118 islands that are separated by expanses of open water and by canals; portions of the city are linked by 438 bridges. The islands are in the shallow Venetian Lagoon, an enclosed bay lying between the mouths of the Po River, Po and the Piave River, Piave rivers (more exactly between the Brenta (river), Brenta and the Sile (river), Sile). As of 2025, 249,466 people resided in greater Venice or the Comune of Venice, of whom about 51,000 live in the historical island city of Venice (''centro storico'') and the rest on the mainland (''terraferma''). Together with the cities of Padua, Italy, Padua and Treviso, Italy, Treviso, Venice is included in the Padua-Treviso-Venice Metropolitan Area (PATREVE), which is considered a statistical metropolitan area, with a total population of 2.6 million. The name is derived from the ancient Adr ...
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F0087 Louvre Gellee Port Au Soleil Couchant- INV4715 Rwk
F, or f, is the sixth letter of the Latin alphabet and many modern alphabets influenced by it, including the modern English alphabet and the alphabets of all other modern western European languages. Its name in English is ''ef'' (pronounced ), and the plural is ''efs''. History The origin of ⟨F⟩ is the Semitic letter '' waw'', which represented a sound like or . It probably originally depicted either a hook or a club. It may have been based on a comparable Egyptian hieroglyph such as that which represented the word ''mace'' (transliterated as ḥ(dj)): T3 The Phoenician form of the letter was adopted into Greek as a vowel, ''upsilon'' (which resembled its descendant ⟨ Y⟩ but was also the ancestor of the Roman letters ⟨ U⟩, ⟨ V⟩, and ⟨ W⟩); and, with another form, as a consonant, ''digamma'', which indicated the pronunciation , as in Phoenician. Latin ⟨F⟩, despite being pronounced differently, is ultimately descended from digamma and closely ...
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Non-tariff Barriers To Trade
Non-tariff barriers to trade (NTBs; also called non-tariff measures, NTMs) are trade barriers that restrict imports or exports of goods or services through measures other than the imposition of tariffs. Such barriers are subject to controversy and debate, as they may comply with international rules on trade yet serve protectionist purposes. Sometimes, uniformly applied rules of trade may be more burdensome to some countries than others, e.g. for countries with developing economies. The Southern African Development Community (SADC) defines a non-tariff barrier as "''any obstacle to international trade that is not an import or export duty. They may take the form of import quotas, subsidies, customs delays, technical barriers, or other systems preventing or impeding trade''". According to the World Trade Organization, non-tariff barriers to trade include import licensing, rules for valuation of goods at customs, pre-shipment inspections, rules of origin ('made in'), and trade prepa ...
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