Quick question: Is there a technical or economics term for this?

[Mike 03]

The phenomenon whereby nations begin to withdraw from their allies, cut ties with other nations, terminate trade deals and partnerships, and talk about "self-sufficiency."

If one wants to study this, what would one research?

Thanks in advance for any help.

[The Velveteen Ocelot]

1. Isolationism.

[Mike 03]

4. Duh.. THANK YOU!

Couldn't think of it...

[Newest Reality]

2. One that comes to mind is...

Isolationism.

[Mike 03]

5. Yes, thank you!

I should have figure it out but drew a blank.

[SCantiGOP]

10. Or it's current name:

America First

[smirkymonkey]

3. Yes. Stupidity.

I suppose it's not a technical or economic term, but it is fitting.

[Mike 03]

6. LOL

Yes, it's concerning me enormously. If many powerful countries all do this now, I see our future become enormously more complicated.

[Newest Reality]

7. Well,

It is the correct term, in a fundamental sense. The various technical and economic factors are aspects of that ideology.

You could also link it to nationalism, (which is not essentially the same as patriotism) which I think can foment and support isolationism in regards to policies, trade, etc. Populism can also contribute to the above, depending on the flavor.

[EarnestPutz]

8. "America First!" was the catch phrase used the last time we tried this.

Sound familiar?

[mr_lebowski]

12. Back when we weren't letting in Jewish refugees, late 1930's, and holding Nazi rallies in NYC?

Yup, real familiar ...

[Boxerfan]

9. The Great Depression

Rings a bell....

[muriel_volestrangler]

11. Or 'Autarky':

Autarky, an economic system of self-sufficiency and limited trade. A country is said to be in a complete state of autarky if it has a closed economy, which means that it does not engage in international trade with any other country.

Historically, societies have utilized different levels of autarky. The mercantilist policies followed by western European countries from the 16th to the 18th century, which tried to augment state power in part by limiting international trade, were autarkic. A more extensive form of autarky was pursued by Nazi Germany (1933–45), which tried to maximize trade within its own economic bloc and to eliminate it with outsiders. A contemporary example of extreme autarky is North Korea’s system of juche (Korean: “self-reliance”).

Autarkic systems are the opposite of liberal economic systems, which encourage the free flow of goods and services. Adam Smith, the 18th-century Scottish philosopher who is also considered to be the father of modern economics, was one of the first modern thinkers to question the benefits of autarkic policies. In his major work, An Inquiry into the Nature and Causes of the Wealth of Nations (1776), he argued that mercantilist policies followed by the British Empire were detrimental to economic growth and that a free-trade system in which countries specialized in producing the goods in which they held an absolute advantage (because of superior productive capacity) would generate more wealth. The 19th-century British economist David Ricardo, considered the founder of modern international trade theory, took Smith’s study a step further by showing that, if countries engaged in international trade by specializing in the goods in which they held a comparative advantage (because of lower opportunity costs), then there would be guaranteed gains from trade for all parties, regardless of the size of the economies involved.

https://www.britannica.com/topic/autarky

[Hoyt]

13. Warren is calling it "Economic Patriotism." But it's all the things above and

it’s a populist economic blunder.

It also smacks of greed, xenophobia, racism, bigotry and will have us in perpetual war, militarily, economically, cyber, etc.

Oh, it got trump elected too.

[sandensea]

14. It's called 'Import Substitution Industrialization' - when it's done properly

But yes. Cheeto's policy is just isolationism.

That's more of a foreign policy term - but it certainly applies for macroeconomic policy as well in cases like these.

[kentuck]

15. One could study how the "aggrieved" Party did not trust multi-national deals...

...and would rather have his name on a "bi-lateral" deal. He wants to make a "deal".

[MineralMan]

16. Jingoism.

[progree]

17. MAGA

[albacore]

18. I call it "End of the American Empire"....

No Empire can survive when it turns it's economic and political allies into adversaries, and those now-adversaries can see the weakness and decline of that Empire.

And if you think we haven't had an Empire.... well....