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5.1 The development model should determine the optimal trade policy: Economic Report on Africa 2007
The two-stage diversification process from economic history has been registered both in open and closed economies. The difference between the two is that the turning point after reasonable and sustainable development has been achieved occurs at a much earlier point for open economies compared to the case for closed economies.

Other open economies Related Articles

Wanted: jobs for Africa’s youth - Diversification
The Youth Employment Network, an alliance of countries initiated by UN Secretary-General Kofi Annan in collaboration with the heads of the ILO and World Bank, recommends that governments diversify their economies and promote sectors that use a lot of workers. Many African economies still rely on the production of one or two primary commodities. They could diversify into processing these commodities or producing light manufactures, as Mauritius has successfully done.
4.0 Diversification trends in Africa: Economic Report on Africa 2007
The diversification of African economies is one way through which the recent economic growth achievements could be sustained. Africa’s economic transformation can be achieved through both horizontal and vertical diversification. In addition, such diversification will help to build competitive economies that can productively be integrated into the global economy. Diversification is therefore a pre-condition if Africa is to register accelerated development. The scaling-up of current real growth to desired levels and in a broad manner can also be sustained if there is deepening in the diversification of African economies.
5.1 The development model should determine the optimal trade policy: Economic Report on Africa 2007
The two-stage diversification process from economic history has been registered both in open and closed economies. The difference between the two is that the turning point after reasonable and sustainable development has been achieved occurs at a much earlier point for open economies compared to the case for closed economies.
Quote: Taking African products where there’s no bias
While more established economies begin to focus on the revenue potential of emerging economies, many of those emerging economies are also seeing the benefits of selling to each other.
Public Sector Procurement Practice and the Principles of External Economies, Clustering and the Global Value Chain
Can the public sector effectively apply the principles of External Economies to its procurement practice? “External economies of scale (ES) occur outside of a firm, within an industry. Thus, when an industry’s scope of operations expands due to, for example, the creation of a better transportation network, resulting in a subsequent decrease in costs for a company working within that industry, external economies of scale are said to have been achieved. With external ES, all firms within the industry will benefit.” (What Are Economies of Scale? By Reem Heakal, January 2003)

You Get More Flies with Sugar
Let's be serious. If you're having problems, anyone asking you about them already knows what's up. So cowboy-up and face the music. Be open and honest. You don't have to share the dirty laundry and all the details. But you can be honest, open and paint a picture that is true. People respect other people that open the kimono and tell the truth. And guess what, customers are people!

Be Open to New Ideas
It is easy to say "be open to new ideas" and most of us believe we have an open mind. Nothing could be further from the truth. We are all stuck with an enormous array of paradigms that limit our ability to see the possibiliies. To be really open minded is a skill that takes a lot of effort to develop. This article may help you see things from a different perspective.

Open Enrollment Health Plans
There comes a time during the year where health insurance companies open their doors for open enrollment where consumers have the ability to make changes to their current plans. Open enrollment refers to a time period where all members within an insurance group can enroll in particular benefit packages. When a health insurance company has these periods of open enrollment, they are obligated take on applicants without assurance of insurability. There are certain exceptions, so applying early on and being diligent in understanding your specific health insurance policies and procedures will help you get the best deal.

WUSME: Towards a new strategy for crises prevention and to create more SMEs and jobs
Many of the achievements in recent years made to facilitate business of SMEs in the world, to reduce poverty in less privileged economies have seriously been jeopardised by shrinking demand for SMEs export products, increasing prices for energy and food, falling commodity prices, significant reductions in foreign investment and a general liquidity shortage. The strong interdependence among the worlds’ economies made this a literally global economic crisis and human tragedy.

How to Be Open-Minded to New Ideas
If you have definite ideas about how things are or how they should be, you’ve probably had someone tell you to “keep an open mind.” Having an open mind is important to succeed in life. Embracing, or at least considering, new ideas and technologies is vital to our personal growth. Are you willing to consider someone else’s opinion? Can you look at facts that may seem suspect and analyze them without bias? If you’re open-minded, you can be flexible when met with new ideas. It means you can adapt to new experiences. Being able to think critically is a vital component of being open-minded. In our quickly changing technological world, it’s important to keep an open mind in order to keep up and stay current, rather than missing out on all the new things around us...
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