In defense of autarky as a modern way of national economic development

Torkanovskiy E.P.1
1 Институт экономики РАН, Russia

Journal paper

Journal of International Economic Affairs (РИНЦ, ВАК)
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Volume 9, Number 1 (January-March 2019)

Citation:

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=38228714
Cited: 11 by 07.12.2023

Abstract:
The article justifies the pursuit of economic autonomy and autarky as its extreme manifestation as the natural direction of national economic development. The factors driving the trend to autarky, along with the desire for freedom of trade and division of labour are revealed. The characteristic of the factors contributing to the abandonment of free trade is given. A number of assumptions regarding the possible consequences of strengthening autarkic tendencies in the world economy and politics are made.

Keywords: international division of labor, free trade, autarky

JEL-classification: F10, F40, F19

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