autarky
Sign in to saveAlso known as closed economy, autarkeia
Autarky is the characteristic of self-sufficiency, usually applied to societies, communities, states, and their economic systems.
Autarky refers to a state or society's ability to be self-sufficient and independent, meeting its own needs without relying on trade or support from others. It matters because it relates to how economically independent and resilient a country or community can be in managing its own affairs.
AI-generated from the Wikipedia summary — may contain errors.
~15 min read
Encyclopedic overview
10 sectionsContents
- Etymology
- History
- Ancient and medieval
- 19th and early 20th centuries
- After World War II
- Contemporary
- See also
- References
- Bibliography
- External links
Autarky is the characteristic of self-sufficiency, usually applied to societies, communities, states, and their economic systems.
Autarky as an ideology or economic approach has been attempted by a range of political ideologies and movements, particularly leftist ones like African socialism, mutualism, war communism, communalism, swadeshi, syndicalism (especially anarcho-syndicalism), and left-wing populism, generally in an effort to build alternative economic structures or to control resources against structures a particular movement views as hostile. However, some right-wing ones, like nationalism, conservatism, and anti-globalism, along with even some centrist movements, have also adopted autarky, generally on a more limited scale, to develop a particular industry, to gain independence from other national entities or to preserve part of an existing social order.
Excerpted from Wikipedia’s “autarky” article, available under the CC BY-SA 4.0 licence.