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During the 1930s countries had resorted to beggar-thy-neighbor policies, such as devaluing currencies and imposing trade and capital restrictions.
FORBES: Magazine Article
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At one time, Washington was willing to support global prosperity and allow the Chinese to continue their beggar-thy-neighbor policies.
FORBES: New Asia
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The U.S. and the IMF are, in effect, advocating a watered-down version of the 1930s concept of beggar-thy- neighbor through competitive devaluations.
FORBES: Fact and Comment
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This time, the beggar-thy-neighbor competition looks like it will be over currency.
FORBES: China Is Susceptible To Currency Pressure
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Yet that is what is implied in their paranoid, beggar-thy-neighbor outlook: we should, on their premises, want to live in a world where everyone but Americans is starving.
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It was a beggar-thy-neighbor policy that swept the world.
FORBES: Ugly Choices Ahead For Central Bankers: Will The Yen Drop 50%?
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This beggar-thy-neighbor approach to ad sales has only gotten worse since my Monk days, as online publishing has finally taken the baton from print to become the dominant way that we consume media.
FORBES: In Brave New World of Ad Sales, It's About Deep Audience Learning
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To prevent a repeat of 1930s beggar-thy-neighbor protectionism, governments yielded significant powers over trade policy to supranational bodies such at the World Trade Organization (previously the General Agreement on Tariffs and Trade) and the European Union.
WSJ: What Will New World Order Look Like?
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This was beggar-thy-neighbor policy at its worst.
CNN: Commentary: Is this the start of another Great Depression?
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The Smoot-Hawley Tariff passed by Congress in the early 1930s triggered beggar thy neighbor trade policies in other countries, raising taxes on tens of thousands of imported goods.
FORBES: On Its 83rd Anniversary, Lessons From The Great Depression