In principle, there is no reason to expect employment or unemployment to be any higher or lower in an open economy than in a closed economy or, for that matter, in a rich economy as compared to a poor economy.
"Liberals believe in open societies and in an open, global economy and with the principles of free trade and free movement of goods, capital, services and people, " he said.
This is more true, the bigger the country and the less open it is to trade. (In a small and very open economy, national discretion in monetary policy is circumscribed in any case.) Argentina is quite big, and not very open, so in adopting a currency board it was giving up a lot in theory.
Of course, in any individual open economy, it is possible to have spending less than income.
But Mr Cardoso and his team have achieved a great deal, not just in conquering inflation but in keeping the economy open, dismantling and privatising state monopolies, and welcoming foreign investment.
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But to do this, they must first end their involvement in terrorism and open their economy to free market forces and the transparency and rule of law and protection for property rights that form the foundations of those forces.
One is that of an active, open participant in the globalized economy, as signified by Beijing's accession to the World Trade Organization a decade ago.
First, immediately ratifying the Chemical Weapons Convention, and then giving the United States the means we need to continue our growth by making trade more open and fair in the global economy.
Lets face it, the business world is forever changing and we are right now in a economy that leaves opportunies open to develop new business practises, having business theory backed up with real world application is how we move forward and create tomorrow fortune 500 companies.
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The second concerns how you deal with that issue in an era of open innovation and an ideas economy.
But much of what Murdoch had to say in open sessions had to do with the global economy and public policy.
Fourteen private banks, all of which are subsidiaries of Arab banks, have opened since Syria's centrally planned economy started to creak open in 2000.
He expects fewer than usual to open up this year because in a tough economy schools will be unwilling to fire coaches and eat their contracts.
The country is still reeling from the collapse of its corrupt political old guard and the wrenching open of a once protected economy in the early 1990s, but it is now heading in the right direction.
He will join Hashimoto and Finance Minister Matsunaga Hikaru in the drive to revitalize the sagging economy and open up the financial system.
India's future as an open, competitive economy will not be decided in the supermarket aisles.
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But it also has a far less open economy than China's, one in which Fidel Castro controls the minutest of decisions.
The Eden Project, which brings in millions into the Cornish economy, had also been open for only nine months by the end of 2001.
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The central bank has also shifted towards a tighter stance in recent weeks, withdrawing cash from the economy via its open-market operations.
But industrial patriotism is a bit more complicated for the British than it is for Germans and Americans, in that our economy is and has been so much more open than theirs.
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.
It was revived even though in the 1990s it was deemed incompatible with the new democratic constitution and open economy.
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Singapore and Hong Kong have benefited from the booming Asian economy, which has led many multinationals to open offices in the two financial centres.
And now, LeCamping sits right on top of that old economy, looking a bit like squatters and working in an open space with picnic tables.
That means ensuring that the economy remains open, flexible and resilient, capable, in other words, of getting through harder times when the boom is over (a sovereign-wealth fund would help).
If and when these take place, the entire trade group is sure to vote that China plug into the global economy and, as a consequence, open its markets in myriad tantalizing ways.
Meanwhile, it has talked a cautious game: no firm promise that any interest rate will be cut, but the odd hint that all the options are open in monetary policy, especially when it comes to protecting the real economy from the turbulence on the markets.
In addition, open trade with the EU allowed it to build a diversified export economy.
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