I need to work out how to find obscure but good books - not so easy!
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Global trade was at its highest ever except for now before WWI.
Measured how? On a percentage basis? I would think that every year after the advent of containerization would have higher trade.
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I think %/GDP, let me check this. But no, global trade was def lower after WWII for a while and maybe during the interwar years too.
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I mean, that would be expected though right? That alone doesn't falsify the idea that international trade deters war.
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As for war, the negative consequences have never been higher. The positive consequences never lower. Nuclearization paradoxically peaceful.
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Maybe, but tail risk also increased. If we had just one nuclear war the data would be radially different.
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