Phase IFoundation
Background
Overview
Fundamental to understanding a nation's foreign policy, trade negotiations, and its stance in international organizations. Relevant for GS2 (IR, Polity).
Economic sovereignty refers to a nation's inherent right and ability to independently determine its economic policies, control its resources, and manage its trade relations without undue external influence. Strategic autonomy extends this to a nation's capacity to act independently in international affairs, including economic and security matters, based on its national interests.