Beggar-Thy-Neighbor Devaluation Love Machine 16 years ago Beggar-Thy-Neighbor Devaluation Devaluation aimed at lowering a nation’s currency value thereby increasing its exports to the cost of other countries. Often trade wars result from such devaluations. Recommended for you: Beggar-Thy-Neighbor Devaluation Balance of Trade Neighbor Complains About Lemonade Stand…Gets Karma? Or Hypocrisy?