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Cyprus is a small open economy so it is capable of turning very quickly," Hourican said and added that it beginning to stabilise even as it contracts "at a much slower rate than was originally envisaged.
The recovery path that we are witnessing is in keeping with what we would expect for a small open economy like Ireland.
The theoretical framework is a two-sector supply side model of a small open economy with endogenous industrial structure and cross-sectoral subsidies.
She added: "As a small open economy, Ireland's future economic prosperity is dependent on its ability to access global markets.
Jordan is modeled as a small open economy with limited industrial base and limited natural resources, and it is classified as an emerging market and an upper-middle-class country according to the World Bank",Kandah said, adding that Jordan's economic resource base centers on phosphates, potash, and their fertilizer derivatives, tourism, overseas remittances, and foreign aid.
Especially in todayas challenging times, your knowledgeable audience will find it quite revealing to learn how a small open economy of a member state, operating a euro-based currency board, has weathered the crisis so
Scotland is a small open economy and we are not immune from global developments.
Ireland is a small open economy that relies on contacts and business connections to expand and grow its economy.