These would result in a beggar-thy-neighbor policy
and a virtuous cycle of thin rice trade that can contribute significantly to a poverty trap.
Abe's beggar-thy-neighbor policy
is leading Japan up a blind alley, where it will be a pariah in the international community.
This is the strongest proof that currency undervaluation, especially for a large country, is a beggar-thy-neighbor policy
," he says.
The legacy today is a Fed policy that is increasingly viewed as a beggar-thy-neighbor policy
to gain competitive advantage for its exporters.
Using the renminbi to settle China's international trade accounts would help China escape America's beggar-thy-neighbor policy
of allowing the dollar's value to fall dramatically against trade rivals.
It is useful to recall the state of the world economy during the great depression and the destructive trading situation, often referred to as the beggar-thy-neighbor policy.
We do not have to recall the usual geometric representation of a world maximal production and consumption possibility locus, which is maximal on all of its assumptions under free trade and market price equalization; which implies the sub-optimality and disastrous effects of the beggar-thy-neighbor policy.
Because foreign producers lose out under this import tariff, it is sometimes called a beggar-thy-neighbor policy
Countries employed another, seemingly only slightly less pernicious beggar-thy-neighbor policy
during the Great Depression.
Germany is accused of pursuing a beggar-thy-neighbor policy
If this target were implemented, the yen might weaken, but this would not be evidence of a beggar-thy-neighbor policy
but rather--as emphasized by Lars Svensson (2003) at Princeton--as part of an effort to anchor expectations in a way consistent with reflation.
The temptation in this type of recession, however, is to use the beggar-thy-neighbor policy
by devaluing the currency.