Economic Autonomy
Economic autonomy refers to the ability of an individual, community, or nation to make independent economic decisions without external influence. This includes control over resources, production, and trade, allowing for self-sufficiency and the ability to pursue local priorities. Economic autonomy can enhance resilience against global market fluctuations and promote sustainable development.
Achieving economic autonomy often involves developing local industries, investing in education, and fostering entrepreneurship. It can also mean reducing reliance on foreign aid or imports, which can empower communities and improve their overall quality of life. Examples of this concept can be seen in initiatives like cooperatives and local currencies.