beggar-my-neighbor policy

• Política econômica ou comercial em que um país tenta melhorar sua situação às custas de outros, geralmente por meio de tarifas, barreiras comerciais ou desvalorização cambial.

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 o vizinho

   • 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.