Britain has a much more open economy than America, measured by foreign trade or capital flows.
Of course, in any individual open economy, it is possible to have spending less than income.
Both are helping to improve Ireland's competitiveness, a vital gain for a small open economy.
Private industry, too, is shedding labour, as it adapts to a more open economy.
Another is how to deal with the new opportunities posed by a more open economy.
Preliminary cease-fires have been reached with ethnic armies, and new laws allow for a more open economy.
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The UAE has an open economy with a high per capita income and a sizable annual trade surplus.
They were explaining to me why our open economy seems to always be prone to speculative bubbles and crashing.
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Mr Swinney said an "open economy like Scotland" could not be immune from the pressures gathering in the Euro area.
An open economy has never been a bad thing to have historically.
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Kuwait has a geographically small, but wealthy, relatively open economy with crude oil reserves of about 104 billion barrels - about 7% of world reserves.
But this would contradict the government's commitment to an open economy.
With a small, open economy, it cannot maintain an overvalued exchange rate and pour in stimulus spending without seeing much of the money leak away into trade deficits.
Yet an open economy creates threats as well as opportunities.
At the highest levels in Germany they want Britain to remain at the heart of Europe. (The two countries share an instinct for free trade and an open economy).
And thanks to a flexible labour market and an open economy it has already clawed back a good deal of the cost competitiveness it lost during the boom years.
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Taking advantage of liberalized rules and a more open economy, he sold lossmaking ventures and acquired companies in India and overseas to build scale in the businesses he wanted to retain.
Second, Switzerland is a relatively open economy and depreciation will have more effect, when it comes to countering deflation risks, than it would for the United States or the euro zone.
Measured fiscal policy, commitment to maintaining an open economy, and prudent use of commodity-generated income have the country poised to continue delivering impressive economic performance the IMF recently forecasted that Indonesia will grow by more than six percent per year for the next five years.
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One system that has grabbed lots of attention around Europe and at the recent World Economic Forum in Davos originates in tiny Denmark, which has managed to avoid the Continent's generally high levels of joblessness even as it maintains an open economy free of most onerous state intrusions into the labor market.
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The more open an economy to international capital, the harder it is to sustain a fixed rate.
Thankfully, Dilbertia has a relatively open trade economy and a thriving services sector, so Dilbertia has low unemployment.
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If re-elected, he says he wants to open the economy up still further.
Some economists argue that those countries should learn from Chile's open market economy, tight banking supervision and capital controls.
The bill for the benefits of an open global economy has arrived, and it can only be paid in greater global governance.
Is it possible to preserve the benefits of open trade and an open global economy, addressing macroeconomic risk while totally respecting the choices of sovereign governments?
The more open the economy is to capital flows, and the smaller it is as a portion of the global economy, the more the workers will be paying it.
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