CEFR C2

beggar-my-neighbour strategy

noun phrase

Meaning

An economic policy that seeks to improve a nation's domestic situation by causing economic decline in other countries.

Examples

  • The government was accused of adopting a beggar-my-neighbour strategy to protect its local manufacturing sector.
  • Economists warn that a global beggar-my-neighbour strategy can lead to destructive trade wars.

Synonyms: protectionism, mercantilism, zero-sum game, trade war