autarky
/'ɔ:tɑ:ki/
Học thuậtThân thiện
Definition
Noun: 1. Economic independence as a national policy: A state or policy of self-sufficiency, especially in economic terms, where a country aims to rely on its own resources and production rather than on international trade or aid.
Usage and Examples
Noun: * The nation pursued a policy of autarky, severely restricting imports to protect its domestic industries. * True economic autarky is nearly impossible in today's interconnected global market. * Historians debate whether the country's move toward autarky was driven by ideology or by international sanctions.
Advanced Usage
- Conceptual Extension: While primarily an economic term, can be used more broadly to describe a state of self-sufficiency in other domains, such as energy or food production.
- The goal of energy autarky led to massive investments in renewable power sources.
- Adjectival Form: The related adjective is autarkic.
- The regime's autarkic policies isolated it from the global economy.
Variants and Related Words
- Autarkic (adjective): Characterized by or relating to autarky.
- The country's autarkic stance made it vulnerable to shortages.
- Autarchy (noun): A less common variant spelling of . (Note: This word can also mean absolute sovereignty or rule by an autocrat, but in economic contexts, it is synonymous with ).
Synonyms
- Self-sufficiency: The quality or state of needing no outside help in satisfying one's basic needs.
- Economic independence: Freedom from reliance on external economic entities.
- Isolationism (in a political/economic context): A policy of remaining apart from the affairs or interests of other groups, especially the political affairs of other countries.
Antonyms
- Interdependence: The dependence of two or more people or things on each other.
- Globalization: The process by which businesses or other organizations develop international influence or start operating on an international scale.
- Free trade: International trade left to its natural course without tariffs, quotas, or other restrictions.
Noun
- economic independence as a national policy