The foundation had been laid for an open economy.

(l) More open economies and consequent vulnerability to price fluctuations;

We in the Philippines are building an open economy.

San Juan resolution on productive development in open economies

For small open economies the results are catastrophic.

The principle of free trade dictates an open economy.

All this suggests that there is no automatic convergence of open economies.

This reflects a move towards more open economies, as well as the international specialization of production.

That threat is particularly salient for a small country with an open economy like Singapore.

More open economies are more strongly affected by repercussion and contagion effects from the international environment.