Scott Minerd
Arctic Imperative: Scott Minerd, CEO – Guggenheim Partners Asset Management
In the 17th and 18th centuries there was an economic model that became very popular called mercantilism. Under mercantilism, the nations of Europe expanded their territories into new regions and used those regions as an opportunity to extract resources and bring wealth back to their homes.
While mercantilism is generally thought to have benefited the European nations at the expense of their trading partners, there were certain benefits that accrued to the partner regions under the mercantilist system.
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