Diplomacy & Politics Glossary

Every term you need — from Model UN procedure to international law, economics, and political theory. Clear definitions, real examples, and cross-linked concepts.

2302 terms across 11 categories

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Trade Creation

The increase in trade resulting from the reduction of trade barriers between member countries of a trade agreement.

Economics & Trade

Trade Diversion

Occurs when trade shifts from a more efficient exporter to a less efficient one due to the formation of a trade agreement.

Economics & Trade