"trade diversion" meaning in English

{
  "etymology_text": "* Credited to Jacob Viner in his 1950 book The Customs Union Issue.",
  "forms": [
    {
      "form": "trade diversions",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {
        "1": "~"
      },
      "expansion": "trade diversion (countable and uncountable, plural trade diversions)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
      "categories": [
        {
          "kind": "other",
          "name": "English entries with incorrect language header",
          "parents": [
            "Entries with incorrect language header",
            "Entry maintenance"
          ],
          "source": "w"
        },
        {
          "kind": "topical",
          "langcode": "en",
          "name": "Economics",
          "orig": "en:Economics",
          "parents": [
            "Social sciences",
            "Sciences",
            "Society",
            "All topics",
            "Fundamental"
          ],
          "source": "w"
        }
      ],
      "examples": [
        {
          "ref": "1987, Robert Mitchell Stern, Philip H. Trezise, John Whalley, University of Michigan, University of Western Ontario. Centre for the Study of International Economic Relations, Perspectives on a U.S.-Canadian free trade agreement",
          "text": "Even if trade diversion is not important in aggregate terms or in relation to trade creation between the bilateral partners, it still represents an inefficient use of global resources[…]",
          "type": "quotation"
        },
        {
          "ref": "1992, Gerhard Pohl, Piritta Sorsa, European integration and trade with the developing world",
          "text": "First, the lowering of trade barriers among members leads to trade diversion from outside suppliers to firms in member countries[…]",
          "type": "quotation"
        },
        {
          "ref": "1997, Riccardo Faini, Enzo R. Grilli, Multilateralism and regionalism after the Uruguay Round",
          "text": "An excessive increase in the share of intraregional flows is typically taken as an indication that trade diversion has been predominant and the regional integration programme has been welfare-reducing.",
          "type": "quotation"
        }
      ],
      "glosses": [
        "The changing of import sources as a result of political agreements, rather than to increase mutual benefit."
      ],
      "id": "en-trade_diversion-en-noun-pmuKHBNx",
      "links": [
        [
          "economics",
          "economics"
        ],
        [
          "import",
          "import"
        ],
        [
          "political",
          "political"
        ]
      ],
      "raw_glosses": [
        "(economics, usually negative) The changing of import sources as a result of political agreements, rather than to increase mutual benefit."
      ],
      "related": [
        {
          "word": "trade creation"
        }
      ],
      "tags": [
        "countable",
        "negative",
        "uncountable",
        "usually"
      ],
      "topics": [
        "economics",
        "science",
        "sciences"
      ]
    }
  ],
  "word": "trade diversion"
}

{
  "etymology_text": "* Credited to Jacob Viner in his 1950 book The Customs Union Issue.",
  "forms": [
    {
      "form": "trade diversions",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {
        "1": "~"
      },
      "expansion": "trade diversion (countable and uncountable, plural trade diversions)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "related": [
    {
      "word": "trade creation"
    }
  ],
  "senses": [
    {
      "categories": [
        "English countable nouns",
        "English entries with incorrect language header",
        "English lemmas",
        "English multiword terms",
        "English nouns",
        "English terms with quotations",
        "English uncountable nouns",
        "en:Economics"
      ],
      "examples": [
        {
          "ref": "1987, Robert Mitchell Stern, Philip H. Trezise, John Whalley, University of Michigan, University of Western Ontario. Centre for the Study of International Economic Relations, Perspectives on a U.S.-Canadian free trade agreement",
          "text": "Even if trade diversion is not important in aggregate terms or in relation to trade creation between the bilateral partners, it still represents an inefficient use of global resources[…]",
          "type": "quotation"
        },
        {
          "ref": "1992, Gerhard Pohl, Piritta Sorsa, European integration and trade with the developing world",
          "text": "First, the lowering of trade barriers among members leads to trade diversion from outside suppliers to firms in member countries[…]",
          "type": "quotation"
        },
        {
          "ref": "1997, Riccardo Faini, Enzo R. Grilli, Multilateralism and regionalism after the Uruguay Round",
          "text": "An excessive increase in the share of intraregional flows is typically taken as an indication that trade diversion has been predominant and the regional integration programme has been welfare-reducing.",
          "type": "quotation"
        }
      ],
      "glosses": [
        "The changing of import sources as a result of political agreements, rather than to increase mutual benefit."
      ],
      "links": [
        [
          "economics",
          "economics"
        ],
        [
          "import",
          "import"
        ],
        [
          "political",
          "political"
        ]
      ],
      "raw_glosses": [
        "(economics, usually negative) The changing of import sources as a result of political agreements, rather than to increase mutual benefit."
      ],
      "tags": [
        "countable",
        "negative",
        "uncountable",
        "usually"
      ],
      "topics": [
        "economics",
        "science",
        "sciences"
      ]
    }
  ],
  "word": "trade diversion"
}