We already have mercantilism. That's what 'export led growth' is. It just works by hoarding money as 'foreign reserves', rather than using protectionism. The

We already have mercantilism. That's what 'export led growth' is. It just works by hoarding money as 'foreign reserves', rather than using protectionism. The entire world can't be using 'export led growth'. There has to be net importers to balance it out. Which currently are the US and the UK - the current and previous imperial nations.