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Yes that's correct.

Example: It's the policy the USA adapted after World War 1, they decided to "isolate" themselves from the issues of the European continent, as it didn't affect them (they didn't join the League of Nations). They tried to continue this policy during World War 2 but eventually entered the war on the Allies side.

Hope this was of help :)

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Q: Does the policy of isolationism avoid involvement in other nations affairs?
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