How are the economic policies of Jean-Baptiste Colbert, Louis XIV's controller general of finances, best described?

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Colbert's economic policies were based on the theory of mercantilism, which emphasized the importance of exporting more than importing in order to gain wealth and power. He imposed tariffs and subsidies to support French industry, encouraged the development of colonies and overseas trade, and established government-controlled monopolies in key industries. These policies aimed to increase France's economic strength and reduce its dependence on foreign goods.

How Are the Economic Policies of Jean-Baptiste Colbert, Louis XIV's