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Title: Mercantilism

Essay Details:

Subject: History
Author: Doris M
Date: December 22, 2012
Level: University
Grade: B
Length: 2 / 510

Essay text:

Mercantilism was applied in European countries. Countries that applied this are especially England, France, Holland, Italy, Spain and Germany. Import-substitution industrialization (ISI) is an economic model. This model was applied after the Second World War until the 1970’s. It was applied by Latin American countries like Ecuador, Dominican Republic, and Peru; by Middle Eastern countries like Iran, Egypt; by East Asian countries like South Korea, Philippines and by African countries like Kenya, Zimbabwe. In mercantilism, states support domestic merchants. In this era, warfare was common and states need money to have a strong army and navy...

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