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Beggar my Neighbour Policies

Beggar-my-neighbour policies are economic policies that are designed to benefit one country at the expense of its trading partners. These policies typically involve the use of protectionist measures, such as tariffs and other trade barriers, which make it more difficult for foreign goods to enter the domestic market, and thus help to protect domestic industries from foreign competition.

Examples of beggar-my-neighbour policies include:

  • Tariffs: These are taxes on imported goods, which can make them more expensive for consumers, and thus less competitive with domestic goods.
  • Quotas: These are limits on the quantity of a particular good that can be imported into a country, which can help to protect domestic producers from foreign competition.
  • Subsidies: These are payments or other financial support provided by the government to domestic producers, which can make their goods more competitive with foreign goods.
  • Exchange rate (currency) manipulation: This involves artificially changing the value of a country's currency in order to make its exports cheaper and imports more expensive.

Beggar-my-neighbour policies are controversial, because they can lead to trade conflicts and retaliatory measures by other countries, and can ultimately harm the global economy.

See also

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