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Neomercantilism (also spelled neo-mercantilism) is a policy regime that encourages exports, discourages imports, controls capital movement, and centralizes currency decisions in the hands of a central government.[1] The objective of neomercantilist policies is to increase the level of foreign reserves held by the government, allowing more effective monetary policy and fiscal policy.
- ^ Hamilton, Leslie; Webster, Philip (2018). The International Business Environment. Oxford: Oxford University Press. p. 429. ISBN 978-0-19-880429-1.