The terms trade creation and trade diversion are often applied in the context of assessing the impact

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The terms trade creation and trade diversion are often applied in the context of assessing the impact of developed countries’ tariff preferences for the products of developing countries (the Generalized System of Preferences). How can these terms be useful in the GSP context?
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International Economics

ISBN: 9780078021671

8th Edition

Authors: Dennis Appleyard, Alfred Field

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