Providing government funds to domestic firms so they can undercut international competitors. Historical Context
High taxes on imports to make foreign goods more expensive than local ones. beggar-my-neighbor policy
The term is widely used in economics to critique protectionist measures that create a "zero-sum" environment, where one nation's gain is viewed as a direct loss for its trading partners . Core Strategies Providing government funds to domestic firms so they
These policies were most famous during the 1930s . Nations raised massive trade barriers to protect jobs, which eventually led to a collapse in global trade and worsened the global depression . beggar-my-neighbor policy
Placing strict limits on the volume of specific goods that can be imported.