What is Neomercantilism?
'''Neomercantilism''' is a government policy that supports more exports, less imports, and more control over investment (capital movement). Also, the government has the power to make decisions involving money (currency).<ref>{{cite journal|last1=Guerrieri|first1=Paolo|last2=Padoan|first2=Pier Carlo|date=1986|title=Neomercantilism and International Economic Stability|url=https://www.jstor.org/stable/2706741|journal=International Organization|volume=40|issue=1|pages=29–42|doi=10.1017/S002081830000446X|jstor=2706741|s2cid=154785573 |issn=0020-8183}}</ref> The goal is to increase foreign reserves, which gives the government more power over money. == Origin == The idea comes from Keynesian economics. According to UNESCO, mercantilism is the belief that the state's wealth must be protected by the government. This makes the state's money a nationalistic concern.<ref>{{cite book| last = Hettne| first = Björn| editor-last = Magnusson| editor-first = Lars| title = Mercantilist Economics| url = https://doi.org/10.1007/978-94-011-1408-0_10| series = Recent Economic Thought Series| date = 1993| publisher = Springer Netherlands| location = Dordrecht| language = en| isbn = 9789401114080| doi = 10.1007/978-94-011-1408-0_10| pages = 235–255 }}</ref> == References == <references /> [[Category:Economic history]] [[Category:Economic policy]] [[Category:Economic systems]]