|
|
Trade diversion |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Trade diversionTrade 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).Similar MatchesDiversionDiversionSee trade diversion. |
|
|
|