beggar thy neighbor policy

beggar-thy-neighbor policy. A government’s protectionist course of action taken to discourage imports by raising tariffs and instituting nontariff barriers, usu. to reduce domestic unemployment and increase domestic output. • This term is sometimes applied to competitive currency devaluation.

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词条贡献者

资深译员Fang，毕业于美国一流的高级翻译学院，专注翻译各种与主权及机构投资有关的法律文件。