From Gold to Chips: The Quiet Return of Mercantilism
Globalisation has not been abandoned but is being rewired around resilience, strategic trust and national power. Foreign Trade and Domestic Compared, by William Herbert, 1754 Economic history rarely buries its most influential ideas. It merely waits for circumstances to make them relevant again. Mercantilism is one such idea. For much of the post-Cold War era, it seemed safely confined to textbooks - a relic of a time of colonial monopolies and favourable trade balances. The triumph of...
