Top definition
Light Switch Policy is a policy formulated by a country, organization or entity suffering under unsustainable or poor economic condition meant to persuade other parties within international community to gain investment, loan or any form of financial support from other entity for a certain period of time or condition until it become sustainable to run their own economy to the point of self-reliance (even break off of previously established financial support agreement or foreign trade with other entity) which in the long run enters a new stage of gradually decline in economic growth up to the point of unsustainability, thus repeating the first stage. Therefore creating a cycle of inconsistent policies switching between opening (on) and isolating (off) attitudes regarding international agreement of financial support or foreign trade, just like a light switch.
North Korea might implement a new type of policy known as Light Switch Policy thus become open to international community for certain period of time and back to isolation in the next period.
by thelegendtwentyeven January 31, 2021