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Beggar thy neighbor devaluation

• A devaluation that is designed to cheapen a nation's currency and thereby increase its exports at other countries' expense and reduce imports. Such devaluations often lead to trade wars.

 
 Embedded terms in definition
 Currency
Devaluation
Its
Lead
Trade
 
 Related Terms
 Beggar thy neighbor
Devaluation

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If you once forfeit the confidence of your fellow citizens, you can never regain their respect and esteem. You may fool all of the people some of the time; you can even fool some of the people all the time; but you can't fool all of the people all of the time. - Abraham Lincoln

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