Abstract:
(Opening paragraph) Openness, along with trade liberalisation, is currently seen as a major factor in producing economic growth and
relatively high standards of living as conventionally measured by Gross Domestic Product (GDP) per capita. In the modern literature
these two components have been described as: '' believed to have been central to the remarkable growth of industrial countries since the
mid-20th century (Winters, 2000, p. 43).
