Mercantilism and economic liberal theories

Reference no: EM13515948

China seems to be making a successful transition to a market economy and is growing rapidly. It is emerging as the world’s second largest economy. Do you think this a good thing or a bad thing for your state? Does your reasoning reflect mercantilist or liberal assumptions? You must also tell the reader about both mercantilism and economic liberal theories of international trade.

Reference no: EM13515948

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