Modern trade agreements designed to balance the flow of goods among countries have their theoretical roots in

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The roots of modern trade agreements can be traced back to the mercantilist era, when nations sought to maximize exports and minimize imports to build up their wealth and power. The principles of mercantilism shaped trade policies for centuries, but eventually led to imbalances and conflicts that prompted the development of modern trade agreements.

Modern Trade Agreements Designed to Balance the Flow of Goods