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Mercantilism

In Our Time

CHAPTER

Mercantilism: Past Lessons for Modern Economics

This chapter explores the persuasive strategies of mercantilism and its proponents, revealing their arguments as beneficial for the kingdom while focusing on elite consumption patterns. It contrasts historical practices with modern economic policies, particularly the role of multinational corporations and the implications of globalization on wealth and inequality. The discussion also highlights the tension between free trade, national sovereignty, and economic security in the context of contemporary industrial challenges.

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