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.

Adjective

1. of countries; not relying on imports