Professional Documents
Culture Documents
Krugman PPT c09 WTO Adapted PDF
Krugman PPT c09 WTO Adapted PDF
Krugman PPT c09 WTO Adapted PDF
The Political
Economy of
Trade Policy
8-30
July 2013
Preferential Trading Agreements (cont.)
• Trade diversion
occurs when low cost imports from non-members are
diverted to high cost imports from member nations.