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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 neomercantilist policies is to increase the level of foreign reserves held by the government, allowing more effective monetary policy and fiscal policy.

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  • O'Brien, Patrick Karl; Clesse, Armand, eds. (2002). Two Hegemonies: Britain 1846–1914 and the United States 1941–2001. Aldershot, England: Ashgate.