How do countries rationalize such neomercantilist trade policies?
The exponential expansion of the volume and value of international trade has been one of the primary engines driving economic growth throughout the industrialized world. Continuation of these trends is problematic, however. Trade protectionism in the form of neomercantilist policies threatens closure of the open multilateral trade regime created after World War II
so how do countries rationalize such neomercantilist trade policies?
they rationalize the policies by passing laws.
trend trading | admin | January 4, 2010
The question is above the heads of most of the people on the site.
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For the sake of keeping their own people in employment? Governments aren’t stupid, they’ll still grasp the economic advantages on offer from cross-border and free trade areas whilst still protecting the most important sectors of their national economies.
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they rationalize the policies by passing laws.
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