I have often wondered if a country can be profitably managed without import or export activities. Is it possible that the goods and services produced within a country can sustainably suffice for that country? In order words, can any country be self-sufficient and self-relying with zero outsourcing, import or export? Knowledgeable minds only!



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lalasticlala
mynd44

It can only be posible in a backward and stagnat country. At a time the world is becoming a global village.

Its not posible because you cant have it all, even if you have it all. You need a market.

If country like america insolate itself. China will take over world power. And in few decades to come america would be economicly down.

You are correct. There is need for inter-trade.

fineboynl:
It can only be posible in a backward and stagnat country. At a time the world is becoming a global village.

Its not posible because you cant have it all, even if you have it all. You need a market.

If country like america insolate itself. China will take over world power. And in few decades to come america would be economicly down.

Right. There is need for external trade.