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trade openness

Title English: 
trade openness
Definition English: 
Trade openness refers to the outward or inward orientation of a given country's economy. Outward orientation refers to economies that take significant advantage of the opportunities to trade with other countries. Inward orientation refers to economies that overlook taking or are unable to take advantage of the opportunities to trade with other countries. Some of the trade policy decisions made by countries that empower outward or inward orientation are trade barriers, import-export, infrastructure, technologies, scale economies and market competitiveness.
Title Arabic: 
انفتاح تجاري
Domain: 
Economic Development
Subject: 
Trade Statistics
InformationType: 
Term
SourceSymbol: 
E/ESCWA/SDD/2012/2