Image for economic sovereignty

economic sovereignty

Economic sovereignty refers to a country's ability to manage and control its own economy without undue influence from external entities. This includes making independent decisions about its monetary policy, trade agreements, and resource management to promote national interests and stability. Essentially, it means being able to determine its economic policies and priorities, ensuring that external pressures or foreign influences do not undermine its economic autonomy. This sovereignty supports a nation's capacity to foster growth, protect its industries, and maintain financial independence.