The Semi-Mercantilist Corporation: Productive Hand of Grand Strategy

Manuel Hensmans ()
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Manuel Hensmans: Université Libre de Bruxelles, Solvay Brussels School

Chapter Chapter 6 in Corporations as Grand Strategists, 2026, pp 113-143 from Springer

Abstract: Abstract The Semi-mercantilist archetype reveals a reality often overlooked amid decades of globalization and free trade rhetoric. Throughout the twentieth and twenty-first centuries, strategic industries such as defense and aerospace, pharmaceuticals and healthcare, steel, semiconductors, and automobiles have consistently exhibited mercantilist traits. States have expressed their economic nationalism in these sectors through industrial policies designed to build corporations that reinforce national hard power—measured in terms of technological and economic productivity, sovereignty, and favorable trade balances.

Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-032-11721-2_6

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DOI: 10.1007/978-3-032-11721-2_6

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