POL 23500 Lecture Notes - Lecture 1: Mercantilism, Security Dilemma, Economic Nationalism
10 Jan 2020
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Mercantilism: create and sustain wealth and power in order to preserve and protect the nation"s security and independence from real and imagined threats. It is done by limiting exports and imports and thus allowing nations to finish on a surplus. A. the primacy of the state in the mercantilist perspective. The mercantilist logic: economic wealth = a powerful state = a powerful = economic wealth: realism is a key idea in international relations that is connected to idea of mercantilism. Realism is one of the main theories of internatioal relations. Realism is closely related to mercantilism in that it also emphasizes state efforts to achieve security. While mercantilists usually focus on economic threats to a country, realists emphasize a wider variety of physical threats and encourage the use of both mil-itary and economic instruments to deter attacks on it: the internatioal system under mercantilism. The logic of zero-sum: war, colonies, accumulation of bullion, emphasis on national economic development with limited imports.
