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Old 09-07-2017, 12:22 PM
HlaaluStyle HlaaluStyle is offline

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Originally Posted by Marthen View Post
What exactly?



Indeed, hence why I mentioned the ability to achieve autarky in the hypothetical scenario, even though it is not exactly the same scenario as resource curse (albeit they can overlap, which is often the worst case, autarky states rich in demanded natural resources often had very stable authoritarian regimes).
Autarky usually fails if done for very long. Sometimes it's done in order to help grow native industries/companies, but the problem is that they become like hothouse plants: they can't thrive once they're exposed to competition.

Some of the post-colonial states attempted autarkic measures, going for self-sufficiency. It usually didn't work that well. India and China both isolated themselves, but eventually had to stop since they were stagnating. India had a lot of nationalized companies that were protected from competition, but these often provided terrible services.
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