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_aThings are diffeent when you open up : economic openess, domestic economy and income / by Edsel L. Beja, Jr.
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_aQuezon City :
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_bOffice of Research and Publications, Ateneo de Manila University,
_c200946
300 _e
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_aVol. 8 2009-
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310 _a
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321 _a
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336 _b
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_aunmediated
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_aABSTRACT : what is the contribution of economic openness and the domestic economy to income is tested using quantity measures of trade, finance, and domestic economic base. The short answer is : it depends Africa and the America 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 Phillipinesfinds that it gains from trade and financial opennesss 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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_xIncome
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_a Edsel L. Beja Jr.
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_aThe Loyola schools review : School of Social Sciences 8 : 2009. pp.125-157.
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