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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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