Things Are Different When You Open Up: Economic Openness, Domestic Economiy, and Income  

Oleh:

Beja Jr, Edsel L.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Loyola Schools ReView Social Sciences vol. 8 (2009), page 125-157.
Topik: Trade Openness; Finacial Openness; Domestic Economy; Income

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: LL24 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

"What is the contribution of economic openness and the domestic economy to income?" is tested using quality measures of trade, finance, and domestic economi base. The short answer is: "It depends." Africa and the Americas lose from both trade and financial openness. Asia gains from trade openness but not from financial openness. The industrialized region benefits from both trade and financial openness. In all regions, the domestic economic base compensates for any adverse effects of economic openness. The overall experience with openness could still be enhanced with healthier external and domestic engagements, especially with the latter increasing its relative role in economies. The case study on the Philippines finds thtat it gains from trade and financial openness but not from its domestic economic base. In this case, economic progress is difficult because the gains from external engagement are wiped out by the losses from domestic economy disengagement.

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