The risk, as in the 1930s, is of "beggar-thy-neighbour" devaluations.

风险就是20世纪30年代的以邻为壑的货币贬值。

youdao

In the 1930s countries opted for tariffs not just "beggar-thy-neighbour" devaluations.

1930年代一些国家曾选择关税而不只是“损人利己”地进行货币贬值。

youdao

But Mr Eichengreen notes that the euro, by militating against more widespread beggar-thy-neighbour policies, may have helped preserve the European single market.

但是艾臣·格林指出，欧元抵挡住了普遍性的损人利己政策，也许已经起到了保护欧洲单一市场的作用。

youdao

And the cost in terms of beggar-thy-neighbour protectionism and diplomatic poison would be dire.

ECONOMIST: America's economy

Such "beggar-thy-neighbour" policies might leave convertible currencies such as the dollar, euro and pound painfully overvalued.

BBC: G20 leaked communique doesn't single out Japan

Many candidates seek votes through beggar-thy-neighbour appeals to the self-interest of a particular linguistic, caste or religious group.

ECONOMIST: Democracy in India