Search results
Results From The WOW.Com Content Network
The policy can be associated with mercantilism and neomercantilism and the resultant barriers to pan-national single markets. According to economist Joan Robinson beggar-thy-neighbour policies were widely adopted by major economies during the Great Depression of the 1930s. [2]
Although it is possible for the national government to increase a country's welfare in the model through export subsidies, the policy is of beggar thy neighbor type. [2] [3] This also means that if all governments simultaneously attempt to follow the policy prescription of the model, all countries would wind up worse off. [1]
What links here; Related changes; Upload file; Special pages; Permanent link; Page information; Cite this page; Get shortened URL; Download QR code
I vaguely remember 'Begger-my-neighbour' mentioned as a card game in Dicken's novel Great Expectations. I suspect this is the origin of the term? --Surturz 04:49, 14 March 2008 (UTC) Found it! Beggar-My-Neighbour--Surturz 04:51, 14 March 2008 (UTC)
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.
With widespread high unemployment, devaluations became common, a policy that has frequently been described as "beggar thy neighbour", [21] in which countries purportedly compete to export unemployment. However, because the effects of a devaluation would soon be offset by a corresponding devaluation and in many cases retaliatory tariffs or other ...
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 ...
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 ...