Difference between revisions 109724559 and 109724560 on dewiki

'''Beggar thy neighbour''', or beggar-my-neighbour, policies seek benefits for one country at the expense of others.  Such a policy attempts to remedy an [[economic]] problem in one country by means which tend to worsen the problems of other countries.  The term was originally devised to characterize policies of trying to cure [[domestic policy|domestic]] [[depression (economics)|depression]] and [[unemployment]] by shifting effective demand away from imports onto domestically produced goods, either through [[tariffs]] and [[quotas]] on [[imports]], or by competitive [[devaluation]].  More recently, beggar thy neighbour policy has taken the form of reducing domestic [[inflation]] through currency [[appreciation]].  This improves the [[terms of trade]] and thus reduces cost-inflationary pressure in the appreciating country but tends to increase cost inflat(contracted; show full)* [[International trade]]
* [[Balance of trade]]

==References==
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[[Category:International economics]]