ll help increase a countries local exports by making their goods cheaper relative to other countries in the global system while decreasing imports of foreign goods as a weak currency makes them more expensive. This mercantilist policy allows a country to achieve a positive Balance of Trade as a countries imports less from the global partners while they exports more to these same global partners.
             Liberalism believe in markets without state intervention and their associated efficiency as they assume that there are a multiplicity of actors who operate in a hierarchic international system where absolute not relative gains matter as power is a positive sum game and human nature is cooperative. These assumptions allow for the liberals to believe in the efficiency of the market to eventually work it self out. Therefore, the liberals do not promote the idea of intervention into the market in order to curtail a devalued currency as they wish to allow the currency market to correct itself as that ensures the greatest efficiency and wealth maximization for an economy in the long run. The liberal analysis shows that a weak currency has negative rather than truly pos
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