The shifting of trade to countries in a regional group at the expense of trade with countries not in the group is known as trade internalization.

Name: The shifting of trade to countries in a regional group at the expense of trade with countries not in the group is known as trade internalization.
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The shifting of trade to countries in a regional group at the expense of trade with countries not in the group is known as trade diversion.

The Shifting of Trade to Countries in a Regional Group