Open States in the Global Economy

"Open States in the Global Economy offers an outside-in framework for analysing the way in which national economic sovereignty is affected by globalization. In response to the largely closed-economy assumptions of most cross-national work on economic policy-making, this framework interprets small-state behaviour in terms of price-and/or policy-taking: small open states are always adjusting to changing international conditions.

In short, economic policy choices are understood in terms of both international and domestic pressures. This new framework is then applied to a detailed case study of Norwegian economic policy-making."--BOOK JACKET.