beggar-my-neighbor policy

• Política económica de una nación que busca mejorar su propia posición a costa de otras, mediante aranceles, barreras comerciales o devaluación de la moneda, con el fin de trasladar el desempleo o la recesión a los vecinos.

An economic or political strategy where a country tries to improve its own situation at the expense of other countries, often through tariffs, trade barriers, or currency devaluation.

1. Economic policyC1formal

   A set of economic policies that a country enacts to address its own economic difficulties at the expense of other countries, often through tariffs, competitive devaluation, or other trade barriers.

   política de empobrecer al vecino

   • The country's new tariffs are a classic beggar-my-neighbor policy that has sparked trade tensions.
   • Historians argue that the widespread use of beggar-my-neighbor policies worsened the Great Depression.
   • The finance minister warned against adopting a beggar-my-neighbor policy, as it could lead to a global recession.