“trade creation”的概念、定义、翻译、参考文献-科学参考

trade creation

Economics

The effect of a customs union in creating or increasing trade between member countries. This new trade results from the reduction in tariffs between the members and is generally welfare-increasing. Trade creation is distinguished from trade diversion, which is the replacement of trade with non-members by trade between members. Trade diversion is generally welfare-decreasing. A customs union is beneficial to its members in the short run if their gains from trade creation exceed their losses from trade diversion.

单词	trade creation
释义	trade creation Economics The effect of a customs union in creating or increasing trade between member countries. This new trade results from the reduction in tariffs between the members and is generally welfare-increasing. Trade creation is distinguished from trade diversion, which is the replacement of trade with non-members by trade between members. Trade diversion is generally welfare-decreasing. A customs union is beneficial to its members in the short run if their gains from trade creation exceed their losses from trade diversion.
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