International macroeconomic policy coordination would give countries the opportunity to avoid beggar-thy-neighbor policies.

Question

Quizplus · Accepted Answer

International macroeconomic policy coordination aims to promote policies that benefit all countries rather than just one or a few. By coordinating policies, countries can avoid implementing policies that harm other nations and lead to a zero-sum game in which one country's gain is another's loss. Therefore, coordinated policies can help prevent beggar-thy-neighbor actions.

International Macroeconomic Policy Coordination Would Give Countries the Opportunity to Avoid