Autarky

Autarky is the term used when a country or economy operates independently. In its most basic sense, autarky means self-sufficiency, although it is almost always used in correlation with a political or economic system, meaning that the entity – whatever it is – can operate and exist free of outside influence, support, or trade.

1. Restrictive trade practices

1. Vulnerability of socio-economic systems to globalization
2. Ineffective economic structures in industrial nations

1. International economic interdependence

1. Supporting autarky

1. Autarky
2. Should countries try to do everything themselves?