Torkanovskiy E.P.Published in:
Journal of International Economic Affairs
– Volume 9, Number 1 (January-March 2019)

JEL classification: F10, F19, F40

Keywords: autarky, free trade, international division of labor


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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.

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