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Pronunciation varies by accent · adjective
(economics) An economic policy that favors domestic interests at greater total cost to the economies of trading partners..
The traditional beggar-thy-neighbor view of older Keynesian models saw unilateral tariffs as having an expansionary effect on the domestic economy, due to their expenditure-switching effect, moving domestic demand away from foreign goods and towards domestic goods.
Use beggar-thy-neighbor when its meaning, tone and grammar fit the full sentence. A synonym is not always a direct replacement.
Beggar-thy-neighbor means (economics) An economic policy that favors domestic interests at greater total cost to the economies of trading partners..
Common synonyms include protectionist, mercantilist.
The opposite depends on the specific sense.
The traditional beggar-thy-neighbor view of older Keynesian models saw unilateral tariffs as having an expansionary effect on the domestic economy, due to their expenditure-switching effect, moving domestic demand away from foreign goods and towards domestic goods.
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