GÜMRÜK BİRLİĞİ TEORİSİ VE AZ GELİŞMİŞ ÜLKELER ACISINDAN BİR DEĞERLENDİRME

Özet

Traditional theory shows that customs uniona hava two effects: trade creation and trade diversion. Trade creation will increase welfare and trade diversion will decrease it. On the other hand, the theory predicts that. if the partner» are actually competitive but potentially complementary. a union is likely to increase vvelfare, and the larger the part of trade originally co-vered by trade between the union partner8, the greater is the scope for falns from the union.