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Webster's New World Finance and Investment Dictionary » beggar-thy-neighbor policies
beggar-thy-neighbor policies
beggar-thy-neighbor policies definition - finance
Econ-omic actions taken by one country to improve
its economic situation that may have adverse effects on other economies. For
example, a country may lower prices on certain goods or push down the value of
its currency to increase exports in the hope that more jobs will be created. In
this case, surrounding countries may be harmed by cheap imports flowing into
their borders. Retaliatory actions may ensue, and thus worsen economic
situations for both
countries.
Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
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