While an open economy is important, we must also consider the well being of American workers and manufacturers.

"With a more open Mexican economy, our strategy has had to change."

He said that "with security, we will be able to create freedom of movement, an open economy and prosperity for all."

"We believe in an open economy, but they have artificial and cultural barriers which are going to be very difficult to get down," she said.

Chile, for example, although small, has perhaps the most modern, open economy.

The accord goes to the heart of China's transition to an open, market economy.

But that relatively low cost of living depends on our open economy.

Over the last 10 years we have run an increasingly open economy in the interest of consumers.

In case of a small open economy, we assume perfect capital mobility.

Thus, we can say that, the interest rates in a small open economy are determined by the world markets.