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Thursday, August 13, 2009

THE GLOBALIZATION -BASICS d-proenlightenment period

THE FREE TRADE THEORY,WHICH INTRIGUED OUR SYSTEM TO RESEARCH AND DEVELOP OTHER ALSO ECONOMIC THEORIES,BY ITS TURN WAS RESPONDED TO ANOTHER THEORY OF THAT ERA,THE MERCANTILISM.
THE "MERCANTILE SYSTEM" HAD ITS THEORETICAL BASIS FROM THE 16th CENTURY AD.THOMAS MUN BY HIS WORK "Treasure by Foreign Trade "(1664),WROTE THE MANIFESTO OF THAT THEORY.
MERCANTILISM BASED ON BULLION (GOLD,SILVER AND TRADE VALUES),DEVELOPED AN AGGRESSIVE IDEA ABOUT EXPORT TRADE POLICIES.IN THAT WAY THE IMPERIOUMS OF THAT ERA HAVING A POSITIVE TRADE BALANCE,GATHERED ALL ECONOMIC ASSETS ON THEIR HANDS.THIS IN POLITICAL TERMS IS KNOWN AS THE "IMPERIALISM",CONNECTED WITH MONOPOLIES,COLONIZATION AND WARS.
THE SYSTEM WAS IMPLEMENTED UP TO 18th CENTURY AD,BY A FULL GOVERNMENT CONTROL TO ALL ASPECTS OF LIFE,BEING AN AUTOCRATORIC ONE AND CONTINUED BY ITS DECLINE UP TO THE WORLD WAR I.
THE MAIN SUPPORTERS OF THAT ECONOMIC IDEOLOGY WERE FROM ENGLAND,FRANCE,ITALY AND SPAIN,WHO WERE TRADE-MEN OR STATE BUREAUCRATS MOSTLY FROM A SPECIFIC RELIGION.
THE PRINCIPLES CAN BE DESCRIBED AS FOLLOWING:

" * That every inch of a country's soil be utilized for agriculture, mining or manufacturing.
* That all raw materials found in a country be used in domestic manufacture, since finished goods have a higher value than raw materials.
* That a large, working population be encouraged.
* That all export of gold and silver be prohibited and all domestic money be kept in circulation.
* That all imports of foreign goods be discouraged as much as possible.
* That where certain imports are indispensable they be obtained at first hand, in exchange for other domestic goods instead of gold and silver.
* That as much as possible, imports be confined to raw materials that can be finished [in the home country].
* That opportunities be constantly sought for selling a country's surplus manufactures to foreigners, so far as necessary, for gold and silver.
* That no importation be allowed if such goods are sufficiently and suitably supplied at home. "
SOURCE WIKI

THE PHYSIOCRATS,REPRESENTED BY JOHN LOCKE (1690) OPPOSED THAT INJUSTICE THEORY.
WE CAN SAY THAT ANCESTOR OF MERCANTILE SYSTEM WAS SCHOLASTICISM (1100–1500) A SYSTEM OF PRACTICE BY RESEARCHING OF REASON.

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