Beggar-my-neighbor Policy [SIMPLE | 2024]

Placing strict limits on the volume of specific goods that can be imported.

These policies typically involve manipulating trade or currency to give domestic industries an unfair advantage : beggar-my-neighbor policy

A "beggar-my-neighbor" policy describes an economic strategy where a country attempts to solve its own domestic problems by using methods that worsen the economic situation of other countries . Placing strict limits on the volume of specific

The phrase was likely coined by writer O. Henry in 1904, though it is based on an older card game of the same name . Henry in 1904, though it is based on

The term is widely used in economics to critique protectionist measures that create a "zero-sum" environment, where one nation's gain is viewed as a direct loss for its trading partners . Core Strategies

Providing government funds to domestic firms so they can undercut international competitors. Historical Context

Reduces overall global economic welfare and creates market volatility .