Closed Economies, Autarchy – Failure and Economic Disaster

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Autarchy is an economic system in which the state refuses any commercial connection with the outside, solely relying on its own resources. In an autarchic economy, the state does not participate in the international economic life, is not part of … Read More

UN report on the world economy

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The United Nations has published a report on “the world economic situation and perspectives for 2008.” According to the study’s conclusions a slowing is to be expected. It provides an overview of recent global economic performance and short-term prospects for … Read More