Trade creation
id:
trade-creation-278-13975355
title:
Trade creation
text:
Trade creation is an economic term related to international economics in which trade flows are redirected due to the formation of a free trade area or a customs union. The issue was firstly brought into discussion by Jacob Viner (1950), together with the trade diversion effect. In the former case after the formation of economic union, the cost of the goods considered is decreased, leading to an increase of efficiency of economic integration. Hence, trade creation's essence is in elimination of c
brand slug:
wiki
category slug:
encyclopedia
description:
Economic effect of customs unions
original url:
https://en.wikipedia.org/wiki/Trade_creation
date created:
date modified:
2024-01-03T19:17:20Z
main entity:
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image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/c/cf/Storck_Harbour_scene.jpg","width":1590,"height":1599}
fields total:
13
integrity:
15