Some people think it created an open hunting season on smaller economies.
Yet the producers did achieve some small economies of scale.
Twenty years ago, many of the smaller economies were more or less cut off from the world market economy.
Thus, the countries with small open economies are price takers.
Major policy issues for small open economies, with special reference to Korea, 1977.
Ball Club's small economy includes a general store and gas station.
In case of a small open economy, we assume perfect capital mobility.
Thus, we can say that, the interest rates in a small open economy are determined by the world markets.
In that sense, there is no such thing as sovereignty for a small, open economy like Ireland.
The small economies of these states are not a threat to the euro area.