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Glossary > B > "Beggar-thy-neighbor devaluation" Definition

Beggar-thy-neighbor devaluation

A devaluation that is designed to cheapen a nations currency and thereby increase its exports at the expense of other countries. Devaluation can also reduce a nations imports. Such devaluations often lead to trade wars.

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Beggar-thy-neighbor devaluation - A devaluation that is designed to cheapen a nations currency and thereby increase its exports at the expense of other countries. Devaluation can also reduce a nations imports. Such devaluations often lead to trade wars.

Beggar-thy-neighbor devaluation : a devaluation that is designed to cheapen a nations currency and thereby increase its exports at the expense of other countries. devaluation can also reduce a nations imports. such devaluations often lead to trade wars.