Neomercantilism is a policy regime that encourages exports, discourages imports, controls capital movement, and centralizes currency decisions in the hands of a central government. The objective of neo-mercantilist policies is to increase the level of foreign reserves held by the government, allowing more effective monetary policy and fiscal policy.
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- O'Brien, Patrick Karl & Clesse, Armand (editors) Two Hegemonies: Britain 1846–1914 and the United States 1941–2001. Aldershot: Ashgate. (2002).