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Beggar thy neighbour, or beggar-my-neighbour, policies seek benefits for one country at the expense of others. Such a policy attempts to remedy an economic problem in one country by means which tend to worsen the problems of other countries. The term was originally devised to characterize policies of trying to cure domesticdepression and unemployment by shifting effective demand away from imports onto domestically produced goods, either through tariffs and quotas on imports, or by competitive devaluation. More recently, beggar thy neighbour policy has taken the form of reducing domestic inflation through currency appreciation. This improves the terms of trade and thus reduces cost-inflationary pressure in the appreciating country but tends to increase cost inflation in the country's trading partners. Image File history File links Information_icon. ... Economics (deriving from the Greek words οίκω [okos], house, and νÎμω [nemo], rules hence household management) is the social science that studies the allocation of scarce resources to satisfy unlimited wants. ... A domestic goat Domestic can refer to: An animal or plant that has been domesticated A domestic worker Something pertaining to home Domestic policy is that policy relevant within a country A lobby term for women or girls This is a disambiguation page — a navigational aid which lists pages that... WORLD OF WARCRAFT IS THE BEST GAME EVER INVENTED AND PLAY IT. IF YOU DONT PLAY WORLD OF WARCRAFT, YOU ARE A nOOb. ... The examples and perspective in this article or section may not represent a worldwide view. ... A tariff is a tax placed on imported and/or exported goods, sometimes called a customs duty. ... A quota is a prescribed number or share of something. ... Devaluation is a reduction in the value of a currency with respect to other monetary units. ... Appreciation is a term used in accounting relating to the increase in value of an asset. ...
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