CLOSED REGION/CLOSURE	OPEN REGION/OPENNESS


"Real World"   		Transport- &		Telecommunications, 
What contributes	Communications Cost     Trade; FDI; Migration
to openness and		Isolation; 		Open boundaries; 
relative closure	Protection		Complementarity
			Large region		Small region (ceteris paribus)
			Import substitution	Export promotion

The New Dictionary	"Reengineering"		"Outsourcing"		
of modern "Buzz Words"	"Downsizing"("-scoping) "Strategic Alliances"
			  (corporate anorexia)	"Export Platform"
			"Restructuring		"Portability"
			"Rightsizing"		"Offshore assembly"
			"Flexible Production	"faxing", "ftping"
				     Complex"
						

ANALYSIS,		TSH (Structural Change)	Export (Base) Multiplier
MODELS			Feedback Models		"Microsoft-Model"
			requiring closure	International Trade
			Regional Resource	 Theory: 
			 Endowment		(Ricardo, Heckscher-Ohlin,
			Land Use Models		Product-Cycles etc.)


Policy			Trade Protection,	Export Promotion
			Autarky, etc.		Free Trade Areas
			Import Substitution	Free flow of labor &
			Export Substitution
			Domestic Content rules 
			Immigration Restrictions


Advantages		Self-Reliance,		Access of Ideas,
			Independenc,		Information, Technology;
			Predictability		Scale Economies
			Stability		Diversity of products


Disadvantages		Parochialism		"export of jobs"
			High production costs   "imported inflation"
			Lack of innovation	"foreignization"
						("Überfremdung")
						instability
						dependence