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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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World trade expanded rapidly. The RTAA was a US law but provided the first widespread system of guidelines for bilateral trade agreements. The United States and the European nations began avoiding beggar-thy-neighbour policies, which pursued national trade objectives at the expense of other nations. Instead, countries started to realize the ...
We always called it "Beggar thy neighbour", but I have no sources to back this up. Does this variant ring true with anyone else? Martin of Sheffield 08:55, 4 September 2019 (UTC) I think Beggar thy neighbour is already linked: When I open it, I get: - This article is about the economic policy. For the card game, see Beggar-My-Neighbour.
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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