economic isolation
Closed national markets
Economic isolation is the state of being cut off from trade, investment, or financial relationships with other countries.
A nation may pursue economic isolation deliberately through protectionist policies, or find itself isolated through sanctions imposed by others.
North Korea's economic isolation has deepened over decades.
The term suggests both separation from global markets and the consequences—limited access to goods, capital, and economic growth.
- tariffsTaxes on imports
- trade warRetaliatory economic hostilities
- protectionismShielding local producers
- brain drainEmigration of skilled workers
- sanctionsPunitive international restrictions
barter systems · supply chain collapse · trade embargoes · export bans · import quotas · autarky · travel restrictions · resource scarcity · conflict zones · import substitution · currency devaluation · closed borders · self-sufficiency · going it alone · political instability · social inequality · diplomatic negotiations · Iron Curtain
- MyanmarMyanmar, Burmese, Mandalay, Theravada Buddhism, pagodas
- embargoestrade embargo, oil embargo, arms embargo, trade ban, export ban
- Francoist SpainFrancisco Franco, Franco, caudillo, generalissimo, dictator
- sanctionsasset freeze, travel ban, arms embargo, oil embargo, trade restrictions
- segregationresidential segregation, redlining, ghetto, ghettos, steering
- Soviet Economycentral planning, five-year plans, state ownership, collective farms, five-year plan
economic isolationfree trade
Unrestricted international exchange
open trade · open markets · free market economy · open borders · tariff reduction
economic isolationeconomic integration
Merging separate national markets
globalization · economic union · customs union · common market · multilateralism
economic isolationeconomic cooperation
Joint financial activity between parties
economic, isolation, economy, economics, economical, economically, economist, economies, isolate