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Autarky
(redirected from Closed economy)

   Also found in: Encyclopedia, Wikipedia, Hutchinson 0.02 sec.
Autarky
Absence of a cross-border trade in models of international trade.


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The transformation from a closed economy to a quite open economy--much more open than Japan's--is really stunning in historical terms.
HCL was born out of India's need to develop its own computer platforms and operating systems dating back to when it was a closed economy and unable to import this type of technology.
Peru continues to be a somewhat closed economy," says Schineller.
 
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