What is Open Economy

One sort of economy is known as an open economy, which is characterized by the fact that not only domestic factors but also entities from other nations engage in the exchange of goods. The exchange of administrative expertise, the transmission of technological know-how, and any other kind of commodities and services can all be considered forms of trade. There are some exceptions that cannot be traded; for instance, the railway services of one country cannot be swapped with those of another country in order to take advantage of the service.

How you will benefit

(I) Insights, and validations about the following topics:

Chapter 1: Open economy

Chapter 2: Balance of trade

Chapter 3: David Ricardo

Chapter 4: Keynesian economics

Chapter 5: Free trade

Chapter 6: Comparative advantage

Chapter 7: Protectionism

Chapter 8: Rudi Dornbusch

Chapter 9: Export

Chapter 10: Terms of trade

Chapter 11: Non-tariff barriers to trade

Chapter 12: Circular flow of income

Chapter 13: International economics

Chapter 14: Export-oriented industrialization

Chapter 15: Mundell-Fleming model

Chapter 16: J curve

Chapter 17: International business

Chapter 18: Competition (economics)

Chapter 19: Import

Chapter 20: Participatory Economics

Chapter 21: Macroeconomic populism

(II) Answering the public top questions about open economy.

(III) Real world examples for the usage of open economy in many fields.

Who this book is for

Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Open Economy.