Is the mercantilism theory still applicable in the contemporary world according to kiiza Julius?

According to Kiiza Julius, the mercantilism theory is not applicable in the contemporary world. He argues that the theory, which emphasizes the accumulation of wealth through trade surpluses and the protection of domestic industries, is outdated in today's globalized economy. Instead, Julius believes that countries should focus on promoting free trade and open markets in order to stimulate economic growth and development.