Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

beggar-thy-neighbor policy

Read a random definition: socida

A quick definition of beggar-thy-neighbor policy:

A beggar-thy-neighbor policy is when a government tries to protect its own economy by making it harder for other countries to sell their goods in their country. They do this by raising taxes on imports and making it harder for foreign companies to do business in their country. This can sometimes lead to other countries doing the same thing, which can hurt everyone's economy.

A more thorough explanation:

A beggar-thy-neighbor policy is when a government takes actions to protect its own economy by making it harder for other countries to sell their goods in that country. This is usually done by raising tariffs (taxes on imports) or creating other barriers to trade. The goal is to increase domestic output and reduce unemployment, but it can harm other countries and lead to a trade war.

One example of a beggar-thy-neighbor policy is when a country raises tariffs on imported steel to protect its own steel industry. This makes it harder for other countries to sell their steel in that country, which can hurt those countries' economies and lead to retaliation.

Another example is when a country devalues its currency to make its exports cheaper and more competitive. This can make it harder for other countries to sell their goods in that country, and can lead to a race to the bottom as other countries also devalue their currencies.

These examples illustrate how a beggar-thy-neighbor policy can harm other countries and lead to a trade war. While it may benefit the country implementing the policy in the short term, it can ultimately hurt the global economy and lead to a lose-lose situation for everyone involved.

before the fact | behavioral science

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
LSD+ is ad-free, with DMs, discounts, case briefs & more.