WikipediaExtracts:Autarky

From Academic Lecture Transcripts
Revision as of 20:12, 22 February 2022 by WPExtractsBot (talk | contribs) (Converted to use new extension InterwikiExtracts))
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search
Go to full Wikipedia article on: Autarky

Extracted from Wikipedia --

<section data-mw-section-id="0" id="mwAQ"><link rel="mw:PageProp/Category" href="./Category:Articles_with_short_description"/><link rel="mw:PageProp/Category" href="./Category:Short_description_is_different_from_Wikidata"/><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1368532237" about="#mwt5" typeof="mw:Extension/templatestyles" data-mw='{"name":"templatestyles","attrs":{"src":"Module:Hatnote/styles.css"},"body":{"extsrc":""}}'/><link rel="mw:PageProp/Category" href="./Category:Articles_that_may_contain_original_research_from_July_2025"/><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1374427404" about="#mwt12" typeof="mw:Extension/templatestyles" data-mw='{"name":"templatestyles","attrs":{"src":"Hlist/styles.css"}}'/>

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 and religious movements (such as Islamism), 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.

Proponents of autarky have argued for national self-sufficiency to reduce foreign economic, political, and cultural influences, and to promote international peace. However, economists who support free trade instead argue that protectionism has a negative effect on economic growth and economic welfare, whereas free trade and the reduction of trade barriers have a positive effect on economic growth and economic stability.

Autarky may be a policy of a state or some other type of entity when it seeks to be self-sufficient as a whole, but it also can be limited to a narrow field such as possession of a key raw material. Some countries have a policy of autarky with respect to foodstuffs (such as South Korea), and water for national-security reasons. Autarky can result from economic isolation or from external circumstances in which a state or other entity reverts to localized production when it lacks currency or excess production to trade with the outside world.

</section><section data-mw-section-id="1" id="mwSw"></section>