beggar-thy-neighbor

is the idea of curing domestic depression and unemployment by shifting effective demand away from imports onto domestically produced goods.

devised to characterise policies of trying to cure domestic depression and unemployment by shifting effective demand away from imports onto domestically produced goods, either through tariffs and quotas on imports, or by competitive devaluation. The policy can be associated with mercantilism and neomercantilism and the resultant barriers to pan-national single markets.

beggar thy neighbor, n.Definitions

beggar thy neighbor