International Trade Meaning and Definition of Autarky
Meaning of Autarky
In models of international trade, a situation in which there is no cross-border trade.
Related Entries of Autarky in the Encyclopedia of Law Project
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Autarky in Historical Law
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Legal Abbreviations and Acronyms
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Autarky in Global Commerce Policy
In this regard, autarky is: national self-sufficiency in production. Pure autarky is a theoretical construct. The entries on trade policy are here. It is not attainable in the modern world. Where it has been tried, it has led to low standards of living. The pretended policy of autarky in some countries has only been possible through substantial assistance from friendly countries and humanitarian help from others. The term is now also used loosely for economies that seek to produce the bulk of their requirements at home regardless of the cost through policies aimed at self- reliance, self-sufficiency and techno-nationalism.[1]
Autarkyin the wold Encyclopedia
For an introductory overview on international trade policy, see this entry.
Resources
Notes and References
- Dictionary of Trade Policy, “Autarky” entry (OAS)
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