trade diversion

English - English

Definition of trade diversion in English English dictionary

The changing of import sources as a result of political agreeements, rather than to increase mutual benefit

Hyphenation

trade di·ver·sion

Turkish pronunciation

treyd dayvırjın

Pronunciation

/ˈtrād dīˈvərᴢʜən/ /ˈtreɪd daɪˈvɜrʒən/

Etymology

() * Credited to Jacob Viner in his 1950 book The Customs Union Issue.