„Beggar-Thy-Neighbor Policy“
What does Beggar-Thy-Neighbor Policy stand for?
A course of action through which a country tries to reduce unemployment and increase domestic output by raising tariffs and instituting non-tariff barriers that impede imports, and thus improve its own position at the expense of its trading partners.
Source:
Economic Theories and ConceptsView all itemsKrugman, P., Obstfeld, M., & Melitz, M. (2015). International Economics: Theory & Policy. 10th edition. Pearson Education Limited.
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