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From 1997 to 2017: total international trade among developed countries went from ~50% to 33%, flow from developing countries went from 15% to 25%, and
From 1997 to 2017: total international trade among developed countries went from ~50% to 33%, flow from developing countries went from 15% to 25%, and flows between developed countries and developing countries went from 33% to 40%.
Statement: these changes in world trade imply that product differentiation is more important as an explanation for these changes.
True, False, or uncertain? Why?
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