Word Pronunciation & Dictionary

trade diversion

Word Rarity Rare

Frequency: Zipf frequency 3.50 in modern English

Syllables: trade -di-ver-sion
IPA

19

Scrabble Score

14

Letters

4

Syllables

10

Unique Chars

Meaning

noun

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

Countable; Uncountable

Example Sentences

"Even if trade diversion is not important in aggregate terms or in relation to trade creation between the bilateral partners, it still represents an inefficient use of global resources[…]"
"First, the lowering of trade barriers among members leads to trade diversion from outside suppliers to firms in member countries[…]"
"An excessive increase in the share of intraregional flows is typically taken as an indication that trade diversion has been predominant and the regional integration programme has been welfare-reducing."

Etymology

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

Usage

Inflected Forms

trade diversions (plural)

Phrases

trade creation

Frequently Paired Words

trade creation

Questions

What does trade diversion mean?: The changing of import sources as a result of political agreements, rather than to increase mutual benefit.
Where does trade diversion come from?: * Credited to Jacob Viner in his 1950 book The Customs Union Issue.

How to pronounce trade diversion

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