beggar-my-neighbor policy

• Politique économique ou stratégie par laquelle un pays cherche à améliorer sa propre situation au détriment des autres pays, souvent en recourant à des tarifs douaniers, des barrières commerciales ou une dévaluation de sa monnaie.

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.

   politique de l'appauvrissement du voisin

   • 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.