Autarky

(redirected from autarchic)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia, Wikipedia.
Related to autarchic: autarkical

Autarky

Absence of a cross-border trade in models of international trade.

Autarky

Economic self-sufficiency. That is, a country has autarky when it does not need to engage in any sort of international trade. Rather, it produces all of its goods and services within the country. Autarky is rare in the modern world, but some examples include Cambodia under the Khmer Rouge and India prior to 1991. Most analysts see autarky as economically inefficient, though some governments pursue the policy to encourage local industry or more rarely to keep their people from perceived threatening influences. See also: Import Substitution, Embargo, Economic Sanctions, Nonconvertible Currency.
References in periodicals archive ?
autarchic food production, and ultimately forge new, autarchic foodways
An Italian airline connecting Rome to its colonies using Italian technology and equipment certainly contributed to the regime's autarchic ideal.
These 'would not be autarchic, atomistic competitors, although they would compete' (p.
In addition, camps are often a sort of autarchic community ruled by "camp sheiks" (99) and infiltrated by militia groups.
Regime theorists believe that regimes are common mechanisms of international cooperation whose importance is derived because they shape the means through which states relate to one another in ways that theorists who examine states as autarchic entities in an anarchic international system cannot successfully explain.
Countries employ mercantilist policies because they hold one or more of four beliefs: that goods, particularly tradable goods, constitute the only real part of their economy; that moving up the value chain is the primary path to economic growth; that they should become autarchic, self-sufficient economies; or that mercantilist policies actually do work.
While Verse 4 is couched in autarchic language, the path of freedom in a modern context lies in preventing unsustainable borrowing, and not necessarily passing up on the benefits from trade and global specialisation.
In a world characterized by "capitalist peace" and by the refusal of the autarchic tendencies of a recent past, when autarchy was preparing the ground to a disastrous world war, any country is able to take advantage of the others through mutually beneficial voluntary exchanges rather than through conquest and exploitation.
The Stalinist post-war type of culture was a static and autarchic culture, similar to the culture--anti-culture model in which the elements of the anti-culture are topologically in a one-to-one correspondence with the elements of culture.
One way to respond to these charges is to remind ourselves that cultures are neither wholly particularistic nor are they completely autarchic in nature.
Instead of crediting the regime with this transformation, Tusell argues that the regime's early autarchic policies actually delayed the economic take-off.
The Khmer Rouge was, to be sure, anti-capitalist, anti-Western, anti-colonial, anti-urban, and autarchic.