Autarky

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Related to autarkical: autarchic

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 ?
For it, it was necessary to verify the existence of vertical and horizontal coordination of the different institutions: National, provincial and/or autarkical, in what concerns to the management of the Socio-agropecuarian programs.
This denial of the female capacity for creation feeds readily into a common topos that permeates science fiction from Mary Shelley's Frankenstein on: autarkical fantasies indulged by the (male) scientist as "creator" or "demiurge," "che costruisce gli uomini artificiali per dimostrare che pub fare a meno di Dio" (Caronia, Il corpo virtuale 27).
Has such an "ideal" autarkical peasant ever existed (85) .