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[PEN-L:30560] Re: Trade Query
On Wednesday, September 25, 2002 at 16:59:30 (-0700) Ellen Frank writes:
>A colleague of mine said recently that world merchandise
>trade was only $20 billion in 1913 compared to $7 trillion
>today. Now obviously the 1913 figure could be increased by
>an order of magnitude simply by adjusting for inflation. But I also
>wondered whether the 1913 figure includes intra-empire
>trade. When the Dutch took rubber from the Congo or
>oil from Indonesia, did this count as trade? Does anyone
>know?
Also, isn't about half or so (more??) of current trade "intrafirm"
trade?
Bill
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