autarky
/ˈɔːtɑːki
/(also autarchy)
noun [mass noun]
1Economic independence or self-sufficiency: rural community autarchy is a Utopian dream...
- The push to restrict people's opportunities to buy and sell based on region is an attempt to bring about what economists call autarky, or economic self-sufficiency.
- Franco imposed a policy of economic self-sufficiency or autarky.
- The unity they desired was one based upon conquest, political subordination, and economic autarky.
1.1 [count noun] A country, state, or society which is economically independent.During the Cold War, these ideas had encouraged the first generation of leaders of the newly independent colonies, and their colleagues in Latin America, to build statist autarkies....
- Trotsky fought for a faster tempo of industrial growth in order to counter this pressure, while at the same time he rejected the conception of an economic autarky.
Derivatives
autarkic
- The Soviet Union was supposedly making economic strides; newly independent states were choosing autarkic collectivism.
- These activists oppose international trade altogether and want every local area to retreat into a self-sufficient autarkic state.
- We have the rare privilege of watching up close as a formerly socialist, autarkic economy peacefully attempts to make the transition to a market-based, rule-of-law economy.
autarkical
autarkist
Origin
Early 17th century: from Greek autarkeia, from autarkēs 'self-sufficiency', from autos 'self' + arkein 'suffice'.