What does trade diversion mean?
Definitions for trade diversion
trade diver·sion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word trade diversion.
Did you actually mean third person?
Wiktionary
trade diversionnoun
The changing of import sources as a result of political agreeements, rather than to increase mutual benefit.
Etymology: * Credited to Jacob Viner in his 1950 book The Customs Union Issue.
Wikipedia
Trade diversion
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 the formation of a free trade agreement or a customs union. Total cost of good becomes cheaper when trading within the agreement because of the low tariff. This is as compared to trading with countries outside the agreement with lower cost goods but higher tariff. The related term Trade creation is when the formation of a trade agreement between countries decreases the price of the goods for more consumers, and therefore increases overall trade. In this case the more efficient producer with the agreement increases trade.The terms were used by 'old' Chicago School economist Jacob Viner in his 1950 paper The Customs Union Issue.
Freebase
Trade diversion
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 the formation of a free trade agreement or a customs union.
Numerology
Chaldean Numerology
The numerical value of trade diversion in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of trade diversion in Pythagorean Numerology is: 1
Translations for trade diversion
From our Multilingual Translation Dictionary
Get even more translations for trade diversion »
Translation
Find a translation for the trade diversion definition in other languages:
Select another language:
- - Select -
- 简体中文 (Chinese - Simplified)
- 繁體中文 (Chinese - Traditional)
- Español (Spanish)
- Esperanto (Esperanto)
- 日本語 (Japanese)
- Português (Portuguese)
- Deutsch (German)
- العربية (Arabic)
- Français (French)
- Русский (Russian)
- ಕನ್ನಡ (Kannada)
- 한국어 (Korean)
- עברית (Hebrew)
- Gaeilge (Irish)
- Українська (Ukrainian)
- اردو (Urdu)
- Magyar (Hungarian)
- मानक हिन्दी (Hindi)
- Indonesia (Indonesian)
- Italiano (Italian)
- தமிழ் (Tamil)
- Türkçe (Turkish)
- తెలుగు (Telugu)
- ภาษาไทย (Thai)
- Tiếng Việt (Vietnamese)
- Čeština (Czech)
- Polski (Polish)
- Bahasa Indonesia (Indonesian)
- Românește (Romanian)
- Nederlands (Dutch)
- Ελληνικά (Greek)
- Latinum (Latin)
- Svenska (Swedish)
- Dansk (Danish)
- Suomi (Finnish)
- فارسی (Persian)
- ייִדיש (Yiddish)
- հայերեն (Armenian)
- Norsk (Norwegian)
- English (English)
Word of the Day
Would you like us to send you a FREE new word definition delivered to your inbox daily?
Citation
Use the citation below to add this definition to your bibliography:
Style:MLAChicagoAPA
"trade diversion." Definitions.net. STANDS4 LLC, 2023. Web. 30 Nov. 2023. <https://www.definitions.net/definition/trade+diversion>.
Discuss these trade diversion definitions with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In