Autarky (Closed Economy*) vs. FreeTrade: Definitions, Explanation/Comparison and Examples скачать в хорошем качестве

Autarky (Closed Economy*) vs. FreeTrade: Definitions, Explanation/Comparison and Examples

In today's free trade-dominated world, do examples of autarky and closed economies even exist anymore? Well, kind of but not really! The only country that comes close to the definition of a closed economy at this point (as you're about to find out in the video) is still not at 100% when it comes to autarky, with it engaging in some form of international trade... even if not on a huge scale. Could other countries choose to embrace autarky? In theory, sure. Practically speaking however, while some countries do decide to go with autarky-inspired policies when it comes to certain key industries... the economics are just not there when it comes to the closed economy equation as a whole. Through this video, autarky as well as free trade have been defined, explained and compared. Through an easy-to-understand explanation as well as well-chosen examples, you'll understand why free trade is without a doubt the dominant force at this point, whereas autarky and closed economies are good topics for geopolitics classes... but that's pretty much it :) To support the channel, give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message. Bitcoin donations can be sent to 1AFYgM8Cmiiu5HjcXaP5aS1fEBJ5n3VDck and PayPal donations to oneminuteeconomics@gmail.com, any and all support is greatly appreciated! Oh and I've also started playing around with Patreon, my link is:   / oneminuteeconomics   Interested in reading a good book? My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly, whether we're talking about someone who has a huge amount of money at his disposal or someone who is still living paycheck to paycheck), can be bought using the links below: Amazon - https://www.amazon.com/Wealth-Managem... Barnes & Noble - http://www.barnesandnoble.com/w/wealt... iBooks (Apple) - https://itun.es/us/wYSveb.l Kobo - https://store.kobobooks.com/en-us/ebo... My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below. Amazon - https://www.amazon.com/Age-Anomaly-Sp... Barnes & Noble - https://www.barnesandnoble.com/w/the-... iBooks (Apple) - https://itunes.apple.com/us/book/age-... Kobo - https://www.kobo.com/ww/en/ebook/the-... Last but not least, if you'd like to follow me on social media, use one of the links below:   / oneminuteeconomics     / andreipolgar     / andrei-polgar-9a11a561