A open economy is a economy for which the International business with the other countries is done freely and takes a big part in the Gross domestic product of the country.

With the economic Universalization, the Taux of opening of the principal economies is increasingly large. The opening of an economy is empirically favorable to its Economic growth.

By opposition, a closed economy is an economy which lives in Autarcie, where there are no exchanges with outside.

Examples

For example, France is today a largely open economy. Its exchanges are done mainly with the other countries of the European Union. In 2005, the imports account for 54% of the consumption of manufactured Biens.

Historically, the Eastern bloc actually did not behave completely in closed economy, trading for certain products (agricultural, etc) with the outside world.

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