By Professor Joseph E. Stiglitz ( Freefall ).In the Great Depression,countries tried to protect themselves at the expense of their neighbors.These ware called beggar-thy-neighbor policies, and included protectionism ( imposing tariffs and other trade barriers) and competitive devaluations ( making one's currency cheaper, which makes one's exports cheaper and import less attractive.) These are no more likely to work today than they did then; they are likely to backfire.
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amnuaysak commented on the user amnuaysak
By Professor Joseph E. Stiglitz ( Freefall ).In the Great Depression,countries tried to protect themselves at the expense of their neighbors.These ware called beggar-thy-neighbor policies, and included protectionism ( imposing tariffs and other trade barriers) and competitive devaluations ( making one's currency cheaper, which makes one's exports cheaper and import less attractive.) These are no more likely to work today than they did then; they are likely to backfire.
February 26, 2010
amnuaysak commented on the word Uthup's
I saw this word in the book " What Terrorists Want " by Louise Richardson, page 7.
July 8, 2009