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beggar-my-neighbour strategy

/ˈbeɡə maɪ ˈneɪbə ˈstrætədʒi/

1 entry

phrase

/ˈbeɡə maɪ ˈneɪbə ˈstrætədʒi/C1formalpolitical
  • ruЭкономическая или политическая стратегия, при которой страна пытается улучшить своё экономическое положение за счёт других стран, часто с помощью тарифов, девальвации валюты или торговых барьеров. Термин происходит от карточной игры, цель которой — забрать все карты противника.

An economic or political strategy where a country attempts to improve its own economic position at the expense of other countries, often through tariffs, currency devaluation, or trade barriers. The term originates from a card game where the goal is to take all of an opponent's cards.

  1. Economic policyC1formal

    A set of policies aimed at benefiting one's own country at the expense of others, often through tariffs, currency devaluation, or trade barriers.

    ruПолитика разорения соседа

    • The government's beggar-my-neighbour strategy led to a trade war.
    • Historically, such beggar-my-neighbour policies worsened the Great Depression.
    • The country adopted a beggar-my-neighbour strategy by devaluing its currency.