Autarky

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Autarky is economic self-sufficiency. A national economy which can independently exists is an autarkic economy. Autarkic economies don’t rely on international trade.

Real Autarkic economies are non-existent in the contemporary world. However, North Korea’s state ideology Juche has a heavy dose of it, and North Korea is probably the closest thing to a modern autarkic economy. However, while the final goal is full autarky, it’s not a true autarkic economy, since it relies heavily on grain imports and international aid to prevent its population from starving to death, and it also trades with China.

Not to be confused with autarchy - the ultimate absence of government.

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