The phrase was likely coined by writer O. Henry in 1904, though it is based on an older card game of the same name .
Artificially lowering a currency's value to make exports cheaper for foreigners and imports more expensive for locals. beggar-my-neighbor policy
Provides immediate protection for struggling domestic industries . Can temporarily boost employment in specific sectors . The phrase was likely coined by writer O
Providing government funds to domestic firms so they can undercut international competitors. Historical Context beggar-my-neighbor policy
Reduces overall global economic welfare and creates market volatility .
A "beggar-my-neighbor" policy describes an economic strategy where a country attempts to solve its own domestic problems by using methods that worsen the economic situation of other countries .