Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

beggar-thy-neighbor policy

Read a random definition: Compensation Clause

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
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
LSD+ is ad-free, with DMs, discounts, case briefs & more.