Beggar-Thy-Neighbor
- Definition: "A course of action
through which a country tries to reduce unemployment and
increase domestic output by raising tariffs and
instituting non tariff barriers that impede imports
which, by reducing export markets, tended to worsen the
economic difficulties that precipitated the initial
protectionist action." (Source: The Language of
Trade; U.S. Information Service)
- Federal Reserve Board on Subject - An essay by Gary H. Stern, President of the
Minneapolis Federal Reserve Board on the possibility of
another economic collapse and suggestions to avoid it. Use
the "find" command to get to the bits on
Beggar-Thy-Neighbor policies and how they impacted the
Great Depression.
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