Economy, asked by achmad953, 1 year ago

What is the appropriate measure of openness of economy?

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Answered by kittu5797
0
Economic openness, in politicaleconomy, the degree to which nondomestic transactions (imports and exports) take place and affect the size and growth of a nationaleconomy. The degree of openness ismeasured by the actual size of registered imports and exports within a national economy, also known as the Impex rate.

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