MERCANTILISM IN PERSPECTIVE: A HISTORIC REVIEW

Onah Celestine Chijioke, Aduma Aloysius () and Deborah O. Obi ()
Additional contact information
Onah Celestine Chijioke: Social Sciences Unit, School of General Studies, University of Nigeria, Nsukka, Nigeria
Aduma Aloysius: Department of Public Administration, Enugu State University of Science and Technology (ESUT), Agbani, Enugu State, Nigeria
Deborah O. Obi: Social Sciences Unit, School of General Studies, University of Nigeria, Nsukka, Nigeria

Global Economy Journal (GEJ), 2021, vol. 21, issue 01, 1-17

Abstract: Nations’ human and material resources are unevenly endowed, distributed and developed. This allows flow of labor, raw materials, capital and finished products across national boundaries and markets; thus resulting in “mercantilism” as the earliest international economic system that proposes massive and aggressive export over import to accumulate wealth, to have favorable balance of payment and trade and to be still relevant in today’s economy. Game theory and Global Strategic Rivalry theory were used in analyzing various innovations and discoveries (industrial, technological, colonial, imperial, liberalism and globalization) as the economic strategies are offshoots of mercantilist evolvement. Hence, mercantilism never died nor was it buried as claimed by many scholars.

Keywords: Mercantilism; statism; interventionism; Global Strategic Rivalry (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S2194565921500019
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:gejxxx:v:21:y:2021:i:01:n:s2194565921500019

Ordering information: This journal article can be ordered from

DOI: 10.1142/S2194565921500019

Access Statistics for this article

Global Economy Journal (GEJ) is currently edited by Joseph Pelzman

More articles in Global Economy Journal (GEJ) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().