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Neoliberalism vs Mercantilism - What's the difference?

neoliberalism | mercantilism |

As nouns the difference between neoliberalism and mercantilism

is that neoliberalism is a political movement that espouses economic liberalism as a means of promoting economic development and securing political liberty while mercantilism is an economic theory that holds that the prosperity of a nation depends upon its supply of capital, and that the global volume of trade is "unchangeable".

neoliberalism

English

(wikipedia neoliberalism)

Noun

(-)
  • A political movement that espouses economic liberalism as a means of promoting economic development and securing political liberty.

    • Derived terms

    * neoliberal * neoliberalist * neoliberalistic * neoliberally

    mercantilism

    English

    Noun

    (-) (wikipedia mercantilism)
  • An economic theory that holds that the prosperity of a nation depends upon its supply of capital, and that the global volume of trade is "unchangeable".