Beggar Thy Neighbour
In economics, a beggar-thy-neighbour policy is an economic policy through which one country attempts to remedy its economic problems by means that tend to worsen the economic problems of other countries.
Read more about Beggar Thy Neighbour: Original Application, Extended Application, Other Uses
Famous quotes containing the words beggar, thy and/or neighbour:
“Do not be made a beggar by banqueting upon borrowing, when thou hast nothing in thy purse: for thou shalt lie in wait for thine own life, and be talked on.”
—Apocrypha. Ecclesiasticus, 18:33.
“Let my muse
Fail of thy former helps, and only use
Her inadulterate strength. What’s done by me
Hereafter shall smell of the lamp, not thee.”
—Robert Herrick (1591–1674)
“Jealousy is both reasonable and belongs to reasonable men, while envy is base and belongs to the base, for the one makes himself get good things by jealousy, while the other does not allow his neighbour to have them through envy.”
—Aristotle (384–322 B.C.)