trade diversion

In other words, this would cause a trade diversion.

But in this instance, trade diversion will be small.

Nothing official was ever heard again about either the 15 per cent trade diversion or the free-trade-area offer.

This suggests that the forces both of trade creation and trade diversion have been at work.

Appropriate analysis of trade diversion is dependent upon the nature of the countries described by the model.

If free trade with Mexico means a lot more commerce, trade diversion ought to be taken seriously.

Thus unacceptable practices of remailing and trade diversion have developed.

But regional arrangements can also become a vehicle for protection, trade diversion, and unintended inefficiency.

It is widely believed by economists that trade diversion is harmful to consumers.

The deterioration in the domestic country's terms of trade is the essence of trade diversion.

However there will also be export trade diversion when a union country supplies a partner country in place of the imports from third countries.

An example of trade diversion is the UK's import of lamb.

In his analysis Viner developed the concepts of "trade creation" and "trade diversion".

The issue was firstly brought into discussion by Jacob Viner (1950), together with the trade diversion effect.

This is called "trade diversion".

Viner is further known for having added the terms "trade creation" and "trade diversion" to the canon of economics in 1950.

India continues to have very high trade barriers so that the scope for trade diversion and the losses accompanying it are likely to be considerable.

Trade diversion has arisen.

The 'trade diversion' controversy subsided when Washington managed to convince the Australian cabinet to drop the plan.

This "trade diversion" argument has not been heard much since the 1960's, when economists tangled over the consequences of a European Common Market.

The dynamics of trade diversion was described by Ravshanbek Dalimov in 2009.

When trade diversion arises, higher cost supplies from the union partner displace lower cost supplies from the rest of the world.

"Safeguard measures are precisely designed to respond to trade diversion," Mr. Lamy said.

The skeptics are also influenced by new research examining the risk that productivity-sapping trade diversion will outweigh productivity-enhancing trade creation.

Trade Creation and Trade Diversion in the European Common Market.