Small open economy

A small open economy, abbreviated to SOE, is an economy that participates in international trade, but is small enough compared to its trading partners that its policies do not alter world prices, interest rates, or incomes. Thus, the countries with small open economies are price takers. This is unlike a large open economy, the actions of which do affect world prices and income.

单词	Small open economy
释义	Small open economy 原声例句经济学人 Finance and economics Small open economies, like South Korea, would bear the brunt. 像韩国这样的小型开放经济体将首当其冲。 TED演讲（视频版） 2020年9月合集 When the Global Financial Crisis erupted in 2008, Latvia got hit hard as a small, open economy. 2008年全球金融危机爆发时，拉脱维亚作为一个开放的小经济体受到重创。英语百科 Small open economy A small open economy, abbreviated to SOE, is an economy that participates in international trade, but is small enough compared to its trading partners that its policies do not alter world prices, interest rates, or incomes. Thus, the countries with small open economies are price takers. This is unlike a large open economy, the actions of which do affect world prices and income.
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