Meaning of Autarchy by Andrew O. Eze

-

AUTARCHY:

    Autarchy is the quality of being self-sufficient. It is used to describe a situation in which a country is completely independent from others economically, politically and the like. Another name for autarchy is “closed economic system”.

     Contemporarily, this type of economic cum political system is no longer relevant in international affairs. This is because at this age of globalization, no nation can be self-sufficient enough to need no relationship with other countries. The policy of autarchy was more pronounced in the 17th and 18th centuries during the era of mercantilism. (See mercantilism).

Comments

Post a Comment

Popular posts from this blog

CONCEPT OF COMMODIFICATION OF LABOUR

-
COMMODIFICATION OF LABOUR      Commodification of labour is the transformation of human labour or power into commodity which can be sold and bought. It is one of the characteristics of capitalism.  In a capitalist society, there are two broad classes: class who owns the means of production (bourgeoisie or the haves) and class who does not own the means of production (proletariat or the have-nots).      Hence, for those who do not own the means of production to survive they have to sell their labour power to those who have the means of production. In other words, they have to be employed and work for those who own the means of production as workers so that the owner of industry can exploit their labour power and pay them salaries or wages for their services depending on the monetary value of their labour. Therefore, they have sold or commodified their labour power in exchange for salaries or wages.      As Claude Ake (1981), rightly observes that the exchange between the buyers (em
Read more

1953 Kano Riot: Causes and Implications by Andrew Oforma Eze

-
            1953 Kano Riot      Kano riot was a political crisis mainly between northerners and southerners in ancient city of Kano in May 1953. The nature of the riot was clashes between Northerners who were opposed to self-government and Southerners made up of the Yorubas and the Igbos under the aegis of the Action Group (AG) and the National Council of Nigeria and the Cameroon (NCNC) who supported self-government for Nigeria in 1956. The political riot lasted for four days.  Many lives were lost and many persons were wounded. The Causes of 1953 Kano Riot The immediate cause of the crisis was the motion of self-government moved in the Federal House of Representatives by a member of Action Group (AG) Chief Anthony Enahoro in 1953 on the need for Nigeria to attain self-government in 1956 from British imperial masters. The Northern representatives under the aegis of the Northern People's Congress (NPC) did not accept the motion on the ground that the north will not be ready f
Read more

CENTRE-PERIPHERY / DEPENDENCY THEORY

-
CENTRE-PERIPHERY / DEPENDENCY THEORY     This is a theory that explains the structural inequalities between western or developed countries like the United States, Germany, China, France, Canada etc., and the underdeveloped or poor countries like Nigeria, Sudan, Niger, Iraq, Haiti, Kenya, Somalia, Mali, Central Africa Republic, etc.      This theory or model divides the world into two unequal poles namely: the centre nations and the periphery nations. The centre nations are the advanced or developed countries while the periphery nations are the under developed or poor countries. Hence, the theory explains that the centre nations, through imperialism and colonialism lured the periphery nations into the capitalist world (mode of production) which they (peripheries) do not know how to operate or to capitalize effectively and rationally. Due to the ignorance of periphery nations on how to run or manage capitalist economy, they wholeheartedly depend on the imperialist nations who use the
Read more