Money By Its Nature Is Not So Hot, But Loose Credit And Exchange Controls Make It So In an amusing modern twist on mercantilism, India has actually been trying to discourage gold imports. Last month, the Indian government increased its import tariffs on gold, silver, and platinum bullion imports to 10%. It also banned the import of coins and medallions in the hope that it might help stop the slide in the value of the rupee, which continued to fall to a record low last week.
Sept. 9, 2013 - Forbes
Gordon Brown in Reuters Earlier, Brown said that the world needed to ensure "we do not exercise a new form of financial mercantilism of retreat into domestic lending and domestic financial markets."
Phil English in International Herald Tribune There are other workers who are going to continue to face the risk of losing their jobs to Chinese mercantilism unless Congress looks at this issue and decides to strengthen US trade laws,English said.
Paul Krugman in MarketWatch Krugman concluded: "The bottom line is that Chinese mercantilism is a growing problem, and the victims of that mercantilism have little to lose from a trade confrontation. So I'd urge China's government to reconsider its stubbornness. Otherwise, the...