when demand outpaces supply in an open economy it is more likely to show up in a current-account deficit than in inflation.
一个开放经济体的需要增速超过供给增速时,其表象更可能显现在经常帐户赤字方面,而非通胀水平方面。
but this would require spending cuts to have a large effect on domestic output—which is less likely in a highly open economy such as ireland」s, where a lot of spending goes on imports.
as a small, open economy dependent on banking, beach tourism and beef exports, uruguay ought to be more exposed to the world recession than argentina, with its large domestic market.
brazil is a bigger, less open economy but its manufacturers are also suffering.
尽管巴西的经济总量更大、相对国际市场更为封闭,但其国内的生产商同样难熬。
but nobody—least of all britons—should underestimate the advantages of an open economy in an intertwined world.
但是没有人,至少是所有英国人,应该低估一个开放的经济体在一个错综复杂的世界中的优势。
an all-directional opening-up pattern has, by and large, taken shape in china and its open economy has grown rapidly.
中国全方位对外开放的格局已基本形成,开放型经济迅速发展。
second, switzerland is a relatively open economy and depreciation will have more effect, when it comes to countering deflation risks, than it would for the united states or the euro zone.