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France's Model Of Colbertism: France And British Practice Of Mercantilism

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France's Model Of Colbertism: France And British Practice Of Mercantilism
France’s model of Colbertism has been compared to the British practice of mercantilism; Colbert’s economic theory was in essence created to use the colonies to boost France’s economy, doing so in two ways: by reducing economic pressure and making France a worldwide trade phenomenon (Karp, Mark). This model limited African nations to create products that were not currently in France; therefore France’s markets were safe and not susceptible to competition, as the colonies could not produce the same materials. Colbertism had two overall clear affects on the colonies through two lenses; one effect resulted in Africa being closed off to industrialization, the second kept the colonies hidden and away from global exports due to insulation (Karp,
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