Technically speaking, open economies are any that engage in
international trade. However, the smaller the economy, the more
"open" it can be presumed to be because fluctuations in
international trade have a far greater impact on a country's
trading conditions and it is unlikely to produce the full range of
its own goods and services. The US, therefore, can be considered to
be a relatively closed economy as its imports and exports amount to
only a fraction of its gross domestic product. Smaller countries,
on the other hand, rely much more heavily on their neighbours.
"Open Economy Macroeconomics: A Reader" draws together the seminal
contributions to the literature on macroeconomics in open economies
and illuminates the material by way of a range of key features:
discussion questions; suggestions for further reading; reference to
the key journal articles in the field; and boxed key terms.
General
Imprint: |
Routledge
|
Country of origin: |
United Kingdom |
Release date: |
December 2001 |
First published: |
2001 |
Editors: |
Mehmet Ugur
|
Dimensions: |
234 x 156 x 31mm (L x W x T) |
Format: |
Hardcover
|
Pages: |
568 |
ISBN-13: |
978-0-415-25331-4 |
Categories: |
Books >
Business & Economics >
Economics >
Macroeconomics >
General
|
LSN: |
0-415-25331-4 |
Barcode: |
9780415253314 |
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