Construct · 1 fields · 1 citations

trade creation: a standalone construct

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International trade

the shift of supply within a customs union from higher-cost domestic producers to lower-cost partner producers, counted as a welfare gain.

In international trade, trade creation refers to the shift of supply within a customs union from higher-cost domestic producers to lower-cost partner producers, counted as a welfare gain. This meaning comes from Viner (1950) in The customs union issue.[1]

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Nearby constructs

gain4 fields · 4 citationsjingle · one word, four constructs shift4 fields · 7 citationsjingle · one word, four constructs supply3 fields · 3 citationsjingle · one word, three constructs

References

Viner, J. (1950). The customs union issue. Carnegie Endowment for International Peace. Open Library record

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