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.