Beggar-my-neighbor Policy (2027)

A "beggar-my-neighbor" policy describes an economic strategy where a country attempts to solve its own domestic problems by using methods that worsen the economic situation of other countries .

Provides immediate protection for struggling domestic industries . Can temporarily boost employment in specific sectors . beggar-my-neighbor policy

Protects unproductive industries that might otherwise need to innovate to survive. Summary Review Henry in 1904, though it is based on

Placing strict limits on the volume of specific goods that can be imported. The WTO: Theory and Practice

The phrase was likely coined by writer O. Henry in 1904, though it is based on an older card game of the same name .

💡 While tempting for politicians looking for a "quick fix" to domestic unemployment or industrial decline, beggar-my-neighbor policies are almost universally viewed by economists as mutually destructive in the long run. They provoke retaliation and shrink the "total pie" of global wealth . The WTO: Theory and Practice