India in the era of neo-mercantilism

Vipal Bhagat Mercantilism was the phenomenon prevalent in the Europe during the sixteenth and eighteenth century and was mainly focussed upon imposing higher tariffs, thereby summing up the advantages of the trade to oneself. In this way, this thrives upon the concept of zero-sum game i.e. one loses and other gains. The trade that is happening in the present world seems to be the outshoot of mercantilism. A better phrase would be that “a form of neo- mercantilism is on … Continue reading India in the era of neo-mercantilism