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According to economist Joan Robinson beggar-thy-neighbour policies were widely adopted by major economies during the Great Depression of the 1930s. [ 2 ] Alan Deardorff has analysed beggar-thy-neighbour policies as an instance of the prisoner's dilemma known from game theory : each country individually has an incentive to follow such a policy ...
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The beggar thy neighbour policies that emerged as the crisis continued saw some trading countries using currency devaluations in an attempt to increase their competitiveness (i.e. raise exports and lower imports), though recent research [when?] suggests this de facto inflationary policy probably offset some of the contractionary forces in world ...
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Country foreign exchange reserves minus external debt. In international economics, the balance of payments (also known as balance of international payments and abbreviated BOP or BoP) of a country is the difference between all money flowing into the country in a particular period of time (e.g., a quarter or a year) and the outflow of money to the rest of the world.
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You shall not bear false witness against your neighbour, Lucas Cranach the elder "Thou shalt not bear false witness against thy neighbor" (Biblical Hebrew: לֹא תַעֲנֶה בְרֵעֲךָ עֵד שָׁקֶר, romanized: Lōʾ t̲aʿăneh b̲ərēʿăk̲ā ʿēd̲ šāqer) (Exodus 20:16) is one of the Ten Commandments, [1] [2] widely understood as moral imperatives in Judaism and ...