The Openness Index is an economic metric calculated as the ratio of country`s total trade, the sum of exports plus imports, to the country`s gross domestic product. The interpretation of the Openness Index is the higher the index the larger the influence of trade on domestic activities. ...
Found on
http://en.wikipedia.org/wiki/Openness_index
1. Any measure of openness. 2. The ratio of a country's trade (exports plus imports) to its GDP.
Found on
http://www-personal.umich.edu/~alandear/glossary/o.html
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