Neomercantilism is a policy regime that encourages exports, discourages imports, controls capital movement, and centralizes currency decisions in the hands of a central government. The objective of neo-mercantilist policies is to increase the level of foreign reserves held by the government, allowing more effective monetary policy and fiscal policy.
- O'Brien, Patrick Karl & Clesse, Armand (editors) Two Hegemonies: Britain 1846–1914 and the United States 1941–2001. Aldershot: Ashgate. (2002).