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Open economy |
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Open economyAn economy that permits transactions with the outside world, at least including trade of some goods. Contrasts with closed economy.Similar MatchesEmerging economyEmerging economy1. Originally this term was applied to countries that had recently ceased to be part of the Soviet Union and its satellites, and thus emerging from centrally planned communist economies. The term drew attention to their transition to becoming market economies. 2. Rather quickly, perhaps acknowledging the importance of central planning and the failure of markets in many other countries, the term has expanded to encompass also developing countries, not necessarily ever communist, as they expanded the role of markets. Tiger economyTiger economyA term originally used to describe rapidly-growing economies in the Far East. Now used to describe any relatively undeveloped country where growth prospects are thought to be high. Non-market economyNon-market economyA country in which most major economic decisions are imposed by government and by central planning rather than by free use of markets. Contrasts with a market economy. Barter economyBarter economyAn economic model of international trade in which goods are exchanged for goods without the existence of money. Most theoretical trade models take this form in order to abstract from macroeconomic and monetary considerations. Goldilocks economyGoldilocks economyAn economy whose growth is believed to be neither too 'hot' (i.e. too fast) or too 'cold' (too slow) - an ideal state as it means the government does not have to use fiscal or monetary devices to artificially stimulate or retard economic activity. Further SuggestionsPure exchange economyNewly Industrializing Economy Integrated World Economy black economy Closed economy New Economy Radical political economy Political economy Small open economy External economy External diseconomy Ministry of Economy, Trade and Industry Open-economy multiplier Command economy old economy stocks Political economy of protection Market economy Mixed economy Mature economy Bubble economy Goldilocks economy |
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