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Business, 19.09.2020 01:01 nathangirnet

Over the last few decades, East Asian economies have increased their share of world GDP. Similarly, intra-East Asian tradelong dashthat is, trade among East Asian nations long dash has grown as a share of world trade. More than that, East Asian countries do an increasing share of their trade with each other. Using the gravity model, explain why East Asian countries do an increasing share of their trade with each other.

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Over the last few decades, East Asian economies have increased their share of world GDP. Similarly,...
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