Trade-diversion Definition

noun

(economics, usually negative) The changing of import sources as a result of political agreeements, rather than to increase mutual benefit.

Wiktionary

Other Word Forms of Trade-diversion

Noun

Singular:
trade-diversion
Plural:
trade diversions

Origin of Trade-diversion

  • Credited to Jacob Viner in his 1950 book The Customs Union Issue.

    From Wiktionary

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trade-diversion