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Beggar thy neighbor |
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Beggar thy neighborFor a country to use a policy for its own benefit that harms other countries. Examples are optimal tariffs and, in a recession, tariffs and/or devaluation to create employment.Beggar thy neighborAn international trade policy of competitive devaluations and increased protective barriers that one country institutes to gain at the expense of its trading partners.Beggar thy neighbor Similar MatchesNeighborhood production structureNeighborhood production structureA structure of technology for a general equilibrium model due to Jones and Kierzkowski (1986). With an arbitrary but equal number of goods and factors, each factor produces two (different) goods, each good uses two (different) factors, in a way that yields more unambiguous results than one normally finds in high-dimension trade models without specific factors. NeighborhoodNeighborhoodIn mathematical Euclidean space, a small set of points surrounding and including a particular point. Thus, for an economic variable, such as an allocation, the neighborhood of a particular allocation includes all those allocations that are sufficiently similar to it. |
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