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autarky
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autarky

National economic policy that aims at achieving self-sufficiency.
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While the principle of comparative advantage is put forward as a basic explanation of trade patterns, the comparative cost doctrine is not a "primitive explanation" since it assumes rather than explains inter-country differences in autarkic prices".
Intra-industry trade and development: revisiting theory, measurement ... by Das, Gouranga G. / Indian Journal of Economics and Business
Similarly, the reforms launched by Deng Xiaoping in the late 1970s transformed China from an autarkic economic backwater to the economic powerhouse it has become today.
What is economic power? by Frost, Ellen L. / Joint Force Quarterly
For India, one of the most autarkic and culturally inward-looking countries in Asia until the advent of economic reforms in 1991, the benefits of globalisation are easily apparent.
Why Slumdog Paradox is a Global Phenomenon by Khaleej Times (Dubai, United Arab Emirates)
 
 
 
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