beggar-my-neighbor policy

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beggar-my-neighbor policy

The country's beggar-my-neighbor policy hurt its trading partners.

Definition

Noun: A national economic or trade policy designed to benefit one's own country by harming the economic interests of other countries, often through tariffs, currency devaluation, or export subsidies. It is a self-defeating strategy in the long term, as it typically provokes retaliation.

Usage

This term is used to describe a specific, often short-sighted, approach to international relations and economics. It is typically used in formal or academic discussions about trade wars, protectionism, and competitive devaluations.

Examples
  • The country's imposition of high tariffs was criticized as a classic beggar-my-neighbor policy.
  • Economists warned that a global recession could trigger a wave of beggar-my-neighbor policies.
  • The finance minister denied pursuing a beggar-my-neighbor policy, insisting the currency measures were for domestic stability.
Advanced Usage
  • The term is often used in its hyphenated adjectival form: "beggar-my-neighbor tactics" or "a beggar-my-neighbor approach."
  • It can be applied metaphorically beyond international policy to describe any strategy where one party's gain is achieved by directly harming others in a closed system.
Variants and Related Words
  • Beggar-thy-neighbor: An alternative, synonymous spelling.
  • Protectionism (n): The general economic policy of restricting imports to shield domestic industries.
  • Zero-sum game (n): A situation where one participant's gain is equivalent to another's loss.
Synonyms
  • Predatory policy
  • Mercantilist policy (in a specific historical context)
  • Selfish national policy
Antonyms
  • Free trade policy
  • Cooperative policy
  • Win-win strategy
Related Idioms/Phrases
  • "Race to the bottom": A related concept describing a situation where competition leads to continuously worsening standards or conditions for all parties, which can be the result of beggar-my-neighbor policies.
beggar-my-neighbor policy

The country's beggar-my-neighbor policy hurt its trading partners.

Noun
  1. a policy of promoting oneself at the expense of others; used especially of national policy
    • the United States has pursued a beggar-my-neighbor policy

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