Relying almost exclusively upon interventionist and centralized government, a mercantilist system depends heavily upon giving subsidies to politically favored businesses, often under the guise of infrastructure development combined also with a central bank with monopoly power. Additionally protectionism is favored and the [[nationalization]] of industries is welcomed, generally if it promotes export and trade.<ref>[https://www.google.com/books/edition/World_Civilization/mY7McxJl7jYC?hl=en&gbpv=1&pg=PA226 World Civilization, A Brief History]</ref> | Relying almost exclusively upon interventionist and centralized government, a mercantilist system depends heavily upon giving subsidies to politically favored businesses, often under the guise of infrastructure development combined also with a central bank with monopoly power. Additionally protectionism is favored and the [[nationalization]] of industries is welcomed, generally if it promotes export and trade.<ref>[https://www.google.com/books/edition/World_Civilization/mY7McxJl7jYC?hl=en&gbpv=1&pg=PA226 World Civilization, A Brief History]</ref> |