A devalued Australian currency assisted in restoring a favourable balance of trade.
2.
Locke argues that a country should seek a favourable balance of trade, lest it fall behind other countries and suffer a loss in its trade.
3.
Addressing the mercantilist belief that monetary intervention could cause a perpetually favourable balance of trade, Cantillon developed a specie-flow mechanism foreshadowing future international monetary equilibrium theories.
4.
Cantillon's preference towards a favourable balance of trade possibly stemmed from the mercantilist belief in exchange being a zero-sum game, in which one party gains at the expense of another.
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