Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

beggar-thy-neighbor policy

Read a random definition: Community Patent Convention

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
BulbasaurNoLikeCardio
11:09
Who knew firing thousands of rounds and being next to explosions was bad for our brains
11:09
It is almost like the people doing that used to die fast
11:10
Didnt plan on anyone living long enough lol
11:10
I long to die on a european battlefield
11:10
thats the true white mans burden
11:10
calm down mostly putin
babycat
11:10
yeah fuck gtown btw
LSDFan
11:10
they don't even kick doors. They put C4 in a dip can and tape it to the wall
11:10
I am sure they kick some doors but yes
11:11
@EvolBunny: im a uki
babycat
11:11
terrible admin
BulbasaurNoLikeCardio
11:11
@babycat: I wonder why gtown felt what they said was a good idea and how secure that individual felt in their job to believe there would be no backlash.
Dkk
11:11
please, tell me more about Europa: The Last Battle @MostlyLegal
11:11
nothing you dont already know
Dkk
11:12
Lmfao, damn out of messages again. Time to go sit in the hot tub.
11:12
@BulbasaurNoLikeCardio: honestly fuck these schools
11:12
The way they act is so cringe and gives mad ick
babycat
11:12
@BulbasaurNoLikeCardio: people are saying this has been a pattern with them
babycat
11:12
imagine being a religious school and not supporting mothers. practice what you preach!
11:12
Fuck dem hoes
11:13
Child bearing people*
11:13
i cant spell fuck dont correct me
11:15
Anywayyyyy, i think today i will withdraw all my apps
11:15
This lsat is not doing it
babycat
11:15
lol live ur truth
11:15
ASU at 154 is damn good
11:15
154 scholly
BulbasaurNoLikeCardio
11:15
It is shitty that was a pattern of behavior but I am glad someone is finally standing up for themselves. Like I can be a pretty rigid butthole guy when it comes to getting stuff but a complete lack of empathy or situational awareness shown by the school and their staff is mind blowing. When I was talking about it in the office they all thought I was lying cause it sounds so crazy.
Dkk
11:16
@babycat: ahh link me something. Idk what you are talking about with GTown and mothers and all that.
LSD+ is ad-free, with DMs, discounts, case briefs & more.