结构推理 Describe the concept of mercantilism. What did the mercantilist doctrine advocate in terms of the role of government in international trade? What type of policies did the mercantilists recommend to their governments?
【正确答案】The main tenant of mercantilism, which emerged in England in the mid-16th century, was that it was in a country's best interest to maintain a trade surplus. By doing so, a country would accumulate gold and silver, and increase its national wealth and prestige. The mercantilist doctrine advocated government intervention to achieve a surplus in the balance of trade. The mercantilists saw no virtue in a large volume of trade. Rather, they recommended to their governments to limit imports by tariffs and quotas and stimulate exports through subsidies.
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