open economy

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Open Economy

An economy in which participants are permitted to buy and sell goods and services with other countries. The GDP of open economies includes exports (which add to GDP) and imports (which subtract). Some very open economies have few or no trade restrictions such as tariffs, but this is rare in practice. Nearly every economy in the world is an open economy to a greater or lesser extent.

open economy

an economy that is heavily dependent on INTERNATIONAL TRADE, EXPORTS and IMPORTS being large in relation to the size of that economy's NATIONAL INCOME. For such economies, analysis of the CIRCULAR FLOW OF NATIONAL INCOME must allow for the influence of exports and imports. Compare CLOSED ECONOMY.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

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"Optimal Monetary Policy in a Small Open Economy with Home Bias." Journal of Money, Credit, and Banking, 2008,40(4), pp.

International Trade Openness and Monetary Policy: Evidence from Cross-Country Data

He said that the goals in the economic field next year are focused on creating an open economy, enabling people to better adapt to the development of market economy, maintaining liberalization of foreign exchange market, combating the shadow economy, and increasing labor productivity and employment opportunities through active entrepreneurship.

Uzbek President declares 2019 as Year of Active Investments

"Malaysia, as an open economy, is susceptible to global trend.

Malaysia's economic growth could accelerate beyond 2020

Prime Minister Modi also noted that India is the most open economy in respect to Foreign Direct Investment (FDI)."In the past years we have done quite a lot of reforms in the field of FDI.

Economy, energy important to strengthen India, Russia ties: PM Modi

He said: "Coupled with our open economy and strong background in both technology and financial services, this will add to the opportunities already available for the creation of higher value jobs."

Tech capital hopes get a [euro]5m boost

This is next to only China and the US." Salgado said spillovers from India are not that big because it is not a very open economy.

India source of growth for global economy

FX Update: The yen underperformed for a second day, while the dollar bloc currencies outperformed after China's President Xi struck a conciliatory tone, pledging a more open economy and lower tariffs for automobile imports, at his keynote speech before the Boao Forum today.

FX Update: The yen underperformed for a second day

The UAE has always been an open economy allowing the flow of people from all levels of society from all over the world.

Why mobility is key for UAE growth

The projects were okayed by the executive committee of the Abu Dhabi Executive Council in line with Abu Dhabi Plan to achieve a secure and confident society that aims at developing a competitive, sustainable and globally open economy, reported state news agency Wam.

Abu Dhabi approves $95m infrastructure projects

Macedonia is a small country and an open economy whose prosperity depends on what's happening in the European countries where 70 percent of its production is exported.

TEVDOVSKI: ECONOMY EXPECTED TO LIVEN UP, NEW INVESTORS TO COME

Global Banking News-May 29, 2017--Botswana central bank wants government to follow open economy