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Small Open Economy

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PPGPortal > Home > Concept Dictionary > S > Small Open Economy
 
Small Open Economy

An economy that trades goods and services with other economies and which, by itself, has a negligible effect on world prices and interest rates.

(Principles of Macroeconomics 4th Canadian Edition by Mankiw, Kneebone, McKenzie, and Rowe p.289.)
     
Small Open Economy

An economy that trades goods and services with other economies and which, by itself, has a negligible effect on world prices and interest rates.

(Principles of Macroeconomics 4th Canadian Edition by Mankiw, Kneebone, McKenzie, and Rowe p.289.)

Approved for glossaryposting by Ben Eisen on January 2, 2011


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