Beggar-my-neighbor Policy Online

These policies were most famous during the 1930s . Nations raised massive trade barriers to protect jobs, which eventually led to a collapse in global trade and worsened the global depression .

Artificially lowering a currency's value to make exports cheaper for foreigners and imports more expensive for locals. beggar-my-neighbor policy

Reduces overall global economic welfare and creates market volatility . These policies were most famous during the 1930s

Increases the competitiveness of exports through currency tactics . Major Drawbacks (Long-term) beggar-my-neighbor policy

A "beggar-my-neighbor" policy describes an economic strategy where a country attempts to solve its own domestic problems by using methods that worsen the economic situation of other countries .