Exchange Currency

trade diversion

Trade that occurs between members of a preferential trading arrangement that replaces what would have been imports from a country outside in the PTA. Associated with welfare reduction for the importing country since it increases the cost of the imported good. Concept due to Viner (1950).

Related information about trade diversion:
  1. Trade diversion - Wikipedia, the free encyclopedia
    Trade diversion is an economic term related to international economics in which trade is diverted from a more efficient exporter towards a less efficient one by ...
     
  2. Trade Diversion
    Oct 12, 2012 ... Moving people across cities wouldn't change the (unweighted) average population density of the US or EU, so what does this comparison ...
     
  3. Trade creation and trade diversion
    Analysis of trade creation and trade diversion resulting from a customs union.
     
  4. What is trade diversion? - BusinessDictionary.com
    Definition of trade diversion: The process of shifting purchasing patterns from one producer to another. In an international trade situation, a business that is able ...
     
  5. Trade Creation and Trade Diversion Under NAFTA
    trade diversion (where low-cost production in the rest of the world is displaced by higher-cost production in the partner country), has been modified and ...
     
  6. trade diversion (international trade) -- Britannica Online Encyclopedia
    While the common external tariffs levied by a customs union avoid the problem of wasteful shipping patterns, they do not solve the problem of wasteful ...
     
  7. Trade Diversion| Economics Help
    Trade diversion occurs when tariff agreements cause imports to shift from low cost countries to higher cost countries. Trade diversion is considered undesirable ...
     
  8. What is trade diversion? definition and meaning - InvestorWords.com
    Definition of trade diversion: Trade that occurs between members of a preferential trading arrangement that replaces what would have been imports from a ...