beggar-my-neighbour

British  

noun

1. a card game in which one player tries to win all the cards of the other player

2. (modifier) relating to or denoting an advantage gained by one side at the expense of the other

   beggar-my-neighbour policies

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Example Sentences

With beggar-my-neighbour policies, the post-coronavirus recession descends into a great depression.

From The Guardian

A single currency demands disciplines and painful trade-offs: but floating exchange rates after a financial crisis are a transmission mechanism for bank-runs and beggar-my-neighbour devaluations.

From The Guardian

Tax "competition" is economic warfare: a beggar-my-neighbour race to the bottom, worse than a zero-sum game.

From The Guardian

Depreciation is another welcome by-product of the hyperactive central banks' policies, and there will also be a debate in Washington about the risks of a beggar-my-neighbour battle to create the cheapest currency.

From The Guardian

But currency devaluation alone can only ever be a beggar-my-neighbour policy, and advanced industrialised countries like Japan cannot sustainably compete on price.

From The Guardian