autarky

(redirected from Closed economy)
Also found in: Thesaurus, Financial, Encyclopedia.

au·tar·ky

or au·tar·chy  (ô′tär′kē)
n. pl. au·tar·kies or au·tar·chies
1. A policy of national self-sufficiency and nonreliance on imports or economic aid.
2. A self-sufficient region or country.

[Greek autarkeia, self-sufficiency, from autarkēs, self-sufficient : auto-, auto- + arkein, to suffice.]

au·tar′kic (-kĭk), au·tar′ki·cal (-kĭ-kəl) adj.

autarky

(ˈɔːtɑːkɪ)
n, pl -kies
1. (Government, Politics & Diplomacy) (esp of a political unit) a system or policy of economic self-sufficiency aimed at removing the need for imports
2. (Government, Politics & Diplomacy) an economically self-sufficient country
[C17: from Greek autarkeia, from autarkēs self-sufficient, from auto- + arkein to suffice]
auˈtarkic adj
ˈautarkist n

au•tar•ky

or au•tar•chy

(ˈɔ tɑr ki)

n., pl. -kies.
the condition of self-sufficiency, esp. economic, as applied to a nation.
[1610–20; < Greek autárkeia <autarkēs self–sufficient =aut aut + arkeîn suffice]
au•tar′kic, au•tar′ki•cal, adj.
au′tar•kist, n.

autarky

a national policy of economic self-sufficiency or independence. — autarkist, n. — autarkie, autarkical, adj.
See also: Economics
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.autarky - economic independence as a national policy
independence, independency - freedom from control or influence of another or others
Translations
autarkija

autarky

nAutarkie f
References in periodicals archive ?
is a closed economy and foreign funding for investment in the U.
Greece is transforming its economy, turning from an essentially closed economy to an increasingly open economy based on Foreign Direct Investment and exports.
One cannot freely connect with the world and truly reap the benefits of globalization by staying a closed economy.
First, one thing I won't do is discuss the viability of cryptocurrencies as a medium of exchange, or their utility as a way to move money in (or out) of any closed economy or black market.
In a closed economy - and we don't owe anything to non-earthlings - overall debt and the corresponding assets necessarily cancel each other out.
In a closed economy -- and we don't owe anything to non-Earthlings -- overall debt and the corresponding assets necessarily cancel each other out.
While Tehran maintains a closed economy with an iron fist in order to monopolize Iran's wealth, Prince Mohammed is pursuing initiatives to diversity and privatize the Saudi economy in order to benefit more people.
Studies had projected that the trade deal would have given the still relatively closed economy tax-free access for its exports of rice, seafood, textiles and other low-end manufactured goods.
However, observers point out that such an analysis works only for a closed economy.
A closed economy implies a drop in foreign direct investment and a halt of partnerships with international companies - all factors that have been playing a major role in the country's GDP growth so far.
He said: "We are craving for Ethiopia but it is still a closed economy.
We show that a decline in the world price of capital goods in an open economy increases the rate of capital formation and speeds up the pace of industrialization relative to a closed economy that lacks access to cheaper capital goods.