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Economics of Autarky - Should Countries Try to do Everything Themselves?
Graham Watson
8th December 2022
Put simply. No. Autarky isn't the way forward and the static and dynamic benefits of trade are, to most people, self-evident.
However, this article is interesting in the context of the rollback of hyper-globalisation and the recent increase in in-shoring. It's also essentially a piece, promoting Ben Chu's series "The New Age of Autarky?". And it is that that has the potential to be the most interesting bit of this.
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Graham Watson
Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.
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