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When asked by the Carnegie Commission to prepare a report on post war Preferential Trading Agreements, Viner (1950) pointed out that they are not free trade. He used the concepts of trade creation and trade diversion to explain his claim. Using appropriate examples, clearly explain the concepts of trade creation and trade diversion. Further, illustrate clearly the appropriate welfare effect on home consumers, partner's country producers, home country producers and rest of the world producers.
Strategic groups "Strategic groups are organizations within an industry with similar strategic characteristics, following similar strategies or competing on similar bas
Why would interest rate parity hold better than Purchasing power parity overtime?
WHAT IS FOREIGN EXCHANGE THEORY
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