Beggar-thy-neighbour Policies

Beggar-thy-neighbour policies in Global Commerce Policy

In this regard, a definition of this issue is as follows: trade or economic measures, such as export subsidies, import quotas and tariffs, taken with the aim of improving domestic economic conditions, e.g. raising employment, and the intention of making them a cost to other countries. Such policies may lead to similar measures by others in response. Beggar-thy-neighbour policies are considered to have been a major factor in deepening and prolonging the Great Depression of the 1930s. See also balance of trade, mercantilism and Smoot-Hawley tariff.[1]

Beggar-thy-neighbour policiesin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Beggar-thy-neighbour policies” entry (OAS)

See Also