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If governments respond by enacting policies that divert growth from other countries, this "beggar-my-neighbor" tactic will simply foster instability elsewhere.
For this the reader is referred to the article of Joan Robinson, "Beggar-My-Neighbor Remedies for Unemployment" in her Essays in the Theory of Employment, 2nd ed., Blackwell, Oxford, 1947, Part III, Ch.
Projecting that the aggregate growth of developing Asian economies in 2009 will be revised downward from an earlier estimated 5.8 percent to slightly over 5 percent, Kuroda told a news conference that Asian economies ''must avoid 'beggar-my-neighbor' conditions,'' in which countries try to seek benefits at the expense of others.