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autarky

Syllabification: au·tar·ky
Pronunciation: /ˈôˌtärkē
 
/

Definition of autarky in English:

noun

1Economic independence or self-sufficiency.
Example sentences
  • 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.
1.1A country, state, or society that is economically independent.
Example sentences
  • 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.

Origin

early 17th century: from Greek autarkeia, from autarkēs 'self-sufficiency', from autos 'self' + arkein 'suffice'.

Derivatives

autarkic

1
Pronunciation: /ôˈtärkik/
adjective
Example sentences
  • 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.

Definition of autarky in:

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