Autarky

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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 ?
When considering the necessary e-learning and viable its use for the management capacities in the structure of the selected autarchy, the assessment of the teaching-learning process also needs to be weighed.
massaie to support autarchy and pronatalism through food consumption and
By Sabri Magdaci Europeans suffered from intellectual autarchy in the Middle Ages for reasons known to all.
Only in an autarchy can a private entity be nationalised without compensation but that is exactly what we would have if our comrades at
In those branches themselves, in the emphatic claim of their autarchy, dwells untruth.
As Puig explained, there was coherence between a foreign policy that looked for autonomy and a domestic policy of economic development that aimed towards autarchy.
planning and control of the volume of production, compulsory buying and selling at fixed prices, control of quality by setting examinations for prospective craftsmen, state-managed warehouses as a safeguard against crop-fai1ures and, finally, prohibition of privately conducted foreign trade and substitution of a state monopoly aiming at the highest possible degree of autarchy. Under Fichte's scheme, the state was also to restrict occupational mobility by making entry into any trade or profession conditional upon obtaining permission from the public authorities, Furthermore, the state was to guide entry into the essential occupations, before allowing entry into those devoted to luxuries and services.
What shaped a new, original geographical configuration for the East-European states was planned development subordinated to the political factor, state control over the means of production and of exchange, the trend towards an equalitarian development irrespective of their different potential and industrial specificity, restrictive migration to large cities impeding their advancement, the collective-based development of agriculture, a close correlation between the production of these states and the economic and military needs of the USSR, autarchy and split with the West, and the ambitious programs of economic and social development and modernization.
Steinbeck also highlights the ambivalence in National Socialist policies towards motorcycles that promoted an image of the 'New Germany' as a four-wheeled society of 'strong and joyous' Volkswagen drivers while at the same time giving motorcycles a central role in their motor sports programme and, in 1936, implementing a four-year industrial plan for autarchy that favoured the production of the more efficient and resourceful two-wheelers, especially motorised bicycles (pp.
(24) That is, they are influenced both by a certain degree of provincial autarchy and central dependency.
The protest also became part of a familiar opposition, firmly in place since the furor surrounding Salman Rushdie's Satanic Verses in 1984, of the opposition between "free speech" and "respect for minorities," which maps neatly on to the discursive dyad between Western liberalism and non-Western autarchy.
If interrelations among economic agents make the economy contagion prone and increase systemic risk, then one can easily imagine a solution that would avoid completely all these network externalities: a return to autarchy at a national, regional, or individual level.