• Autarky refers to a state of self-sufficiency and is commonly used to describe countries or economies that seek to reduce their dependence on international trade.

  • There are no completely autarkic nations in the modern world, since even the most isolated nations participate in international trade to one degree or another and receive support or help from outside.
  • North Korea and Nazi Germany are two examples of countries that pursued a policy of autarky.
  • The justification for autarky is often based on populist arguments that money should be kept at home and not in the hands of politically unfriendly nations.