期刊名称：The Journal of International Trade and Diplomacy
印刷版ISSN：1306-1542
出版年度：2009
卷号：3
期号：1
出版社：Ankara
摘要：The collapse of the world trading system and global economy in the
1930s was a nightmare for all who lived through it. Economists and
policy makers recognized the fact that each country, acting in its own
self-interest, had achieved nothing and indeed made things worse.
“Beggar-thy-neighbor” policies, as they came to be called, were put in
place to devalue currencies and raise tariffs against the rest of the world
in the hope that import substitution and greater export attractiveness at
lower domestic prices would increase employment in the tariff-
increasing and/or devaluing country. But since other countries’
governments retaliated by raising their own walls of protection and
devaluing, whatever was gained on the import-competing side was more
than offset by losses of exports and higher costs of the import-
competing goods.
Loading...
