autarkic

/ɔ:'tɑ:kik/ Cách viết khác : (autarkical) /ɔ:'tɑ:kikəl/
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autarkic

An autarkic nation produces all the goods it needs within its own borders.

Definition
  1. Adjective:
    • Economically self-sufficient; not relying on imports: Describes a country or region that aims to produce all the goods and services it needs within its own borders, minimizing or eliminating international trade and economic dependence on other nations.
Usage
  • The term "autarkic" is used to describe a national economic policy or condition. It is a formal, academic word most commonly found in discussions of economics, political science, and history.
  • It describes a state of economic independence, often pursued for political, ideological, or security reasons.
Examples
  • Adjective:
    • The country pursued an autarkic policy, seeking to produce everything from food to machinery domestically.
    • During the conflict, the nation became more autarkic out of necessity, as trade routes were blocked.
    • An autarkic economy is often less efficient than one engaged in global trade.
Advanced Usage
  • "autarkic tendencies": Refers to policies or movements within a country that favor economic self-sufficiency.
    • The political party's platform showed strong autarkic tendencies, advocating for high tariffs and domestic subsidies.
  • "strive for autarkic development": To aim for economic growth based primarily on internal resources and markets.
    • The government's five-year plan was designed to strive for autarkic development in the energy sector.
Variants and Related Words
  • Autarky (n): The condition or policy of economic self-sufficiency.
    • The nation's autarky led to shortages of certain consumer goods.
  • Autarkical (adj): A less common variant with the same meaning as "autarkic".
    • The regime's autarkical ambitions were ultimately unsustainable.
Synonyms
  • Self-sufficient: Able to provide for one's own needs without external assistance.
  • Closed economy: An economy with no or minimal international trade activity.
  • Insular (in an economic context): Isolated from external economic influences.
Antonyms
  • Interdependent: Mutually dependent on other nations through trade and cooperation.
  • Open economy: An economy that engages freely in international trade.
  • Trade-dependent: Relying heavily on imports and exports.
autarkic

An autarkic nation produces all the goods it needs within its own borders.

Adjective
  1. of countries; not relying on imports

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