Question:
What are the Negative Impacts of Economic Integration?
Author: eric_galvaoAnswer:
-Trade Diversion may occur when Trade Barriers divert Trade Away from Cheaper, Efficient Non-Members. -This can thus lead to no Increase In Trade, and efficiency being Reduced as Trade is Diverted to Less Efficient Producers, and Non-Members are not Able to fully their competitive advantage. This will harm the long-run
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