Trade creation and trade diversion

[@samrudhi3733]

your video is still helping me after 10 years. thank you

[@PrimeAliProductions]

You honestly just saved my life.

[@Moralisful]

Thanks a lot - very helpful! Our professor tried to explain this without using a diagram in the context of the WTO allowing RTAs, assuming they lead to trade creation or diversion, respectively. Darn it, she could have just shown us this video instead of torturing us for one hour with her "Let met explain this in just a few simple words...".

[@MariaStancheva17]

I finally understood the diversion! Spent so much time trying to get it from my Economics book. Thank you Steve!

[@kuyeomotayo120]

Thanks you 🙋

[@bosedengoziadeleye4577]

Simply brilliant Steve.....simply brilliant!!!. You teach with so much simplicity!!! Thank you and please keep the tutorials coming!! I hope you do something on the 'median voter' and 'Protection for Sale'....

[@Sbebbe]

Thanks a lot Steve, clear as crystal. You've really helped me out with this.

[@19953sam]

This is great. Didn't really understand Trade Diversion prior to watching this, thanks :D

[@AliyaAly]

Thanks for sharing. Really helpful.

[@KasunWeer]

Good job! #InternationalEconomics

[@suajuteunewme6183]

nce explanation....thank u for the video👍

[@girlstalkswithpari6106]

From India, helpful for mee

[@easyacademy8110]

Thanks a lot

[@milkywashed]

Thank you! Very good explanation!

[@Timmywake1]

great stuff steve, thanks a lot

[@elmoonstuff]

Excellent, thank you!

[@lovemisspark]

amazing explanations! Steve you're great :D

[@7u7u94]

from bahrain .. thank you so much ♥

[@Emmanuel-wp2md]

this was helpful. thanx a lot

[@nikitadas9671]

thanks for this!

[@bleude]

Thanx a lot! Your videos save me lol

[@celinephan2466]

well explained! thanks a lot!

[@ilkahillen2788]

What I don´t understand is, why (in the example of trade diverson) is the revenue loss of the goverment surface c+ e and not just c? Is it because we are just looking at the supply curves of New Zealand? Still thanks for the video, helped me a lot!

[@maxinerodel]

This is great! Thank you so much! Help me with my exams!! :D

[@MyMrwrestling]

at 6.29 it should be a loss in consumer surplus, b/c we now import from france at the higher price. price goes up for consumers.

[@kwikstro]

+haidar101 France with no tariffs is still lower than the previous of NZ + Tariff, which was the previous lowest price. In other words, the basic price of the sheep is higher in France, but the tariff on NZ sheep pushes the NZ price above France. So it should still be a gain in consumer surplus, I'm fairly sure.

[@Kraquerman]

good vid eo

[@dcwanaguru]

Thanks steve

[@yunsuuu]

Thank you so so much

[@ashoklakkireddy4445]

Thanks sir

[@TheCharliee95]

Not clear the effects of trade creation

[@ruhaangupta6159]

thanks!

[@alokpandey4686]

thanks steve ... exam after an hour

[@PJJBOSSMUSIC]

HOW TO CALCULATE THESE USING EXCEL ? ANYONE HELPPPPP