Milionis, Petros; Klasing, Mariko J. - Faculteit Economie en Bedrijfskunde, Rijksuniversiteit … - 2012
The typical narrative regarding the evolution of world trade prior to World War II refers to a secular rise that started around 1870 and a subsequent collapse that began in 1914. This narrative, though, is based on measures of trade openness that do not fully take into account purchasing power...