What is meant by the terms trade creation and trade diversion? Why are these concepts important?

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International Business The Challenges of Globalization

ISBN: 978-0132866880

1st Canadian Edition

Authors: John J. Wild, Kenneth L. Wild, Halia M. Valladares Montemayor

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Question Posted: Jan 14, 2016 01:10 AM

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What is meant by the terms trade creation and trade diversion? Why are these concepts important?

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Trade creation is the increase in the level of trade among nations that results ...View the full answer

International Business The Challenges of Globalization

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