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Economics of Autarky - Should Countries Try to do Everything Themselves?

Graham Watson

8th December 2022

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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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