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Abdul quddus Posted 15 years ago
Essay & Composition Writing
Paragraph confusion
How far beggar-my-neighbour competitive devaluations and protection will develop is hard to predict, but protectionist trends are there for all to see. Commodity prices will go much higher and there will be shortages of key minerals, energy, water and some basic foodstuffs.would somebody please help understand the underlined part???????????
Top answer
Beggar-my-neighbor (and its American version, beggar-thy-neighbor) refer to practices that help one group by hurting another. Currency devaluations and protectionist trade policies (policies that penalize countries trying to sell goods to us) are said to be of this type. They help the countries that use these tools and hurt those who do not.
- Beggar-my-neighbor (and its American version, beggar-thy-neighbor) refer to practices that help one group by hurting another.
- Currency devaluations and protectionist trade policies (policies that penalize countries trying to sell goods to us) are said to be of this type.
- They help the countries that use these tools and hurt those who do not.
- As a result, soon everyone is playing the same game and trade suffers.
- Does this explanation help?
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2 Answers
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Beggar-my-neighbor (and its American version, beggar-thy-neighbor) refer to practices that help one group by hurting another. Currency devaluations and protectionist trade policies (policies that penalize countries trying to sell goods to us) are said to be of this type. They help the countries that use these tools and hurt those who do not. As a result, soon everyone is playing the same ga
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