An Analysis of The Dominate Perspectives of International Political Ec
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Title: An Analysis of The Dominate Perspectives of International Political Ec

Essay Details:

Subject: Social Issues
Author: Christina J
Date: August 29, 2016
Level: University
Grade: A
Length: 5 / 1465

Essay text:

The states would then establish colonies, a merchant marine, and develop industry and mining to attain a favorable balance of trade . In order for the states to be able to fund their expansion, pay for their increasingly large armies and cover the growing costs of their government they needed to accumulate wealth. The state became more involved in the economy favoring export-oriented policies because in order to accumulate the much-needed wealth, the state needed to sell more than it bought, or export more than it imported . Governments started to impose import duties to protect local businesses and provide a source of revenue...

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