Meaning of beggar-thy-neighbor | Babel Free

Definitions

An economic policy that favors domestic interests at greater total cost to the economies of trading partners.

Examples

“The traditional beggar-thy-neighbor view of older Keynesian models saw unilateral tariffs as having an expansionary effect on the domestic economy, due to their expenditure-switching effect, moving domestic demand away from foreign goods and towards domestic goods.”

CEFR level