Based on one reference, Mercantilist
focuses on state efforts to accumulate wealth and power to protect
its society from physical harm or the influence of other states.
The policies used by the mercantilist are usually aimed to alter the
economic nationalism in which the states really encourage and promote
export, while trying to reduce import in order to generate more
wealth. Government will do this by applying some import
regulations such as tariffs and quota. By that system, the national
economy will improve, thus the wealth will increase.
If we talk about the relevance to the
nowadays political and economy system, in my opinion, it is still
relevant because most of the states nowadays also have objectives to
improve their economic well-being by concerning about the national
economic as the main priority. As for example in Indonesia itself,
there are a lot of advertisements and campaign with tagline “love
indonesian products”, it is obviously aimed to encourage the
consumption of local goods. When people consume more local goods
rather than imported goods, the local industries will also helped by
this situation, they could be more productive, and when consumption is
also high it will surely contributes to the GDP and the economic growth.
So the conclusion is, the relevance of
mercantilist policies to the recent political economy remained undoubted, most of systems at this moment still apply the ideas of
mercantilist policies which focuses more on economic nationalism.
The development of political and economy system is highly influenced
by the mercantilist ideology, so that's why we still find that the
mercantilist policies is still relevant for nowadays situation.
Dania Siti Hardiani Hamdan
1701359884
References :
David N, Balaam, Bradford Dillman,
Introduction to International Political Economy, Pearson New
International Edition,5th
edition
No comments:
Post a Comment