Small countries are the sole exception, because they can pursue
beggar-thy-neighbor policies aimed at poaching corporations from their neighbors.
Disparate tax rules among different countries have resulted in close to a zero-sum game for national governments, which are forced to pursue
beggar-thy-neighbor policies to secure a bigger slice of a shrinking pie.
In the run-up to World War II,
beggar-thy-neighbor policies and rampant protectionism ensued-with Britain leaving the gold standard in 1931 in response to a run on the pound.
Above all, we need to avoid
beggar-thy-neighbor policies, such as unconventional monetary policy or sustained exchange-rate intervention, that primarily induce capital outflows and competitive currency devaluations.
The allies, particularly the United States and Great Britain, were determined that post-WWII international institutions would avoid the
beggar-thy-neighbor policies of the 1930s.
Because
beggar-thy-neighbor policies create benefits by imposing costs on others, they, too, need to be regulated at the international level.
The IMF
beggar-thy-neighbor policies continued to deepen public frustrations with an unpopular government in the country and gradually led the economy to a stage where it is virtually living on cash injections from international lenders and donors.
leadership and responsible treatment of our currency's reserve role in the global economy by avoiding the disruptive, destabilizing, and ultimately destructive
beggar-thy-neighbor policies witnessed in the last century.
At the hearing, Snow said the United States opposes ''any
beggar-thy-neighbor policies,'' reiterating that the U.
Moreover, China is not by any stretch of the imagination a country that pursues
beggar-thy-neighbor policies by keeping its own market closed to foreign goods and services.
5) As was widely recognized at the time, one cause of that global Depression was the
beggar-thy-neighbor policies that the countries pursued.
What we have instead is a process driven by political gamesmanship that will devolve into
beggar-thy-neighbor policies reminiscent of 18th-century mercantilism.