IDEAS home Printed from https://ideas.repec.org/a/nos/voprec/y2021id3055.html
   My bibliography  Save this article

New neomercantilism as a challenge for a globalized economy

Author

Listed:
  • I. S. Ivanchenko

Abstract

In the development of economic theory, since the 15th century, mercantilism was replaced by classical theory, and neo-mercantilism was replaced by neoclassical theory. The modern form of mercantilism is called by English- speaking researchers as a new neomercantilism. The paper analyzes the reasons for the change in economic policy in modern Anglo-Saxon countries, when the process of globalization was replaced by economic nationalism with trade wars, barrier duties, and ruptures of international agreements. This transformation was most evident after the announcement of the results of the English Brexit vote and the American vote in the 2016 presidential election. It is concluded that the attempt to change the dominant economic paradigm in the U.S. under President D. Trump looks quite natural and poses a real threat to the established world economic order.

Suggested Citation

  • I. S. Ivanchenko, 2021. "New neomercantilism as a challenge for a globalized economy," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 9.
  • Handle: RePEc:nos:voprec:y:2021:id:3055
    DOI: 10.32609/0042-8736-2021-9-132-148
    as

    Download full text from publisher

    File URL: https://www.vopreco.ru/jour/article/viewFile/3055/2403
    Download Restriction: no

    File URL: https://libkey.io/10.32609/0042-8736-2021-9-132-148?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nos:voprec:y:2021:id:3055. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: NEICON (email available below). General contact details of provider: https://www.vopreco.ru .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.