Beggar thy neighbor policy

Beggar thy neighbor policy,

Definition of Beggar thy neighbor policy:

  1. It seeks to address the country's trade balance, inflation and unemployment issues in ways that are detrimental to the economic interests of its trading partners. This usually takes the form of (1) limiting imports through quotas or raising prices, (2) devaluing the currency, which makes imports more expensive and makes exports cheaper, or (3) Currency is valued, which lowers your product in inflation. more expensive. Importing country.

Meaning of Beggar thy neighbor policy & Beggar thy neighbor policy Definition