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2001).
Perraton underlined the fact that the trade gross domestic product shares are not the perfect measure of trade openness, because it depends from the forces of supply and demand, he is approaching the trade openness from the constant prices of trade GDP shares which reflects the structure of production (Feenstra, 1992). His conclusion is that the numbers of the trade goods, relative with the production output, today are higher from the Gold era.
Also he deems that the mobility of the investments flows in the Gold era is less from today’s globalisation. In the past the investments concentrated a few sectors and countries...
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