Beggar-my-neighbour is a term that is commonly used in international relations and economics. It is a concept that refers to a policy or strategy that benefits one country at the expense of another. This article will explore the definition and meaning of beggar-my-neighbour, its origin, synonyms, antonyms, and associations.
Definitions
Beggar-my-neighbour is an economic policy or strategy that is aimed at benefiting one country at the expense of another. This policy is achieved by using measures such as currency devaluation, tariffs, and subsidies. The policy is called beggar-my-neighbour because it is intended to impoverish or weaken the other country.
Origin
The term beggar-my-neighbour was first used in the 1930s during the Great Depression. The policy was used by many countries at the time, including the United States, to protect their own economies. The policy was criticized for its negative impact on other countries, which resulted in a global economic crisis.
Meaning in different dictionaries
According to the Merriam-Webster dictionary, beggar-my-neighbour is defined as “an economic policy or strategy that benefits one country at the expense of another.” The Oxford English Dictionary defines it as “a policy of aggressive economic nationalism pursued by a country seeking to gain advantage by imposing tariffs, quotas, or other restrictions on imports.”
Associations
Beggar-my-neighbour is associated with protectionism, economic nationalism, and trade wars. The policy is often criticized for its negative impact on global economic growth and stability.
Synonyms
Some synonyms of beggar-my-neighbour include economic nationalism, protectionism, trade barriers, and trade restrictions.
Antonyms
Some antonyms of beggar-my-neighbour include free trade, globalization, and economic cooperation.
The same root words
There are no other words that have the same root words as beggar-my-neighbour.
Example Sentences
- The government’s new tariff policy is a classic example of beggar-my-neighbour.
- The trade war between the US and China is a prime example of beggar-my-neighbour.
- The beggar-my-neighbour policy adopted by the US during the Great Depression worsened the global economic crisis.
Beggar-my-neighbour is an economic policy or strategy that benefits one country at the expense of another. It is associated with protectionism, economic nationalism, and trade wars. The policy is often criticized for its negative impact on global economic growth and stability.