Tuesday, September 14, 2010

Keymer: On the Dutch Trading System

Keymer describes the Dutch economy and notes the reasons that it was so successful.

· Have little internal production, so they were forced to develop trade

· Government is not as regulatory and permits for beneficial trade practices, such as free entrance into the country and selling of goods within by strangers

· Superior ships and smaller fleets mean cheaper and faster shipping

· Duties encourage trade with Dutch

· Eagerness and innovativeness

· Using naval infrastructure to increase fishing

“They drain, and still covet to exhaust, the wealth and coin of this kingdom, and so with our own commodities to weaken us, and finally beat us quite out of trading in other countries"

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