Trade Diversion Effects

Some articles on trade, trade diversion effects:

Economic Integration - Economic Theory
... of economic integration was laid out by Jacob Viner (1950) who defined the trade creation and trade diversion effects, the terms introduced for the ... He considered trade flows between two states prior and after their unification, and compared them with the rest of the world ... As economic integration increases, the barriers of trade between markets diminish ...

Famous quotes containing the words effects, trade and/or diversion:

    If I had any doubts at all about the justice of my dislike for Shakespeare, that doubt vanished completely. What a crude, immoral, vulgar, and senseless work Hamlet is. The whole thing is based on pagan vengeance; the only aim is to gather together as many effects as possible; there is no rhyme or reason about it.
    Leo Tolstoy (1828–1910)

    I am cozily ensconced in the balcony of my face
    Looking out over the whole darn countryside, a beacon of satisfaction
    I am. I’ll not trade places with a king. Here I am then, continuing but ever beginning
    My perennial voyage....
    John Ashbery (b. 1927)

    [F]rom Saratoga [N.Y.] till we got back to Northampton [Mass.], was then mostly desert. Now it is what 34. years of free and good government have made it. It shews how soon the labor of man would make a paradise of the whole earth, were it not for misgovernment, and a diversion of all his energies from their proper object, the happiness of man, to the selfish interests of kings, nobles and priests.
    Thomas Jefferson (1743–1826)