The article analyzes the characteristics of an open economy in the context of expanding globalization. It is determined that at present, an open economy is understood as an economy in which all economic entities actively participate in the global market of goods, services and factors of production without any restrictions. Taking into account the participation of countries in an open economy, it is classified into a large open economy and a small open economy, and countries participating in international economic relations are divided according to the types of open economy. A large open economy is an economy in which changes affect the entire world economy. A small open economy is a price receiver from the world market and is dependent. As a result of the analysis of qualitative and quantitative indicators of an open economy, taking into account the characteristics of the economy of the Republic of Tajikistan, it was determined that Tajikistan has a small open economy. The study showed that the small open economy of Tajikistan has objectively determined features, in particular, the country acts on the world market as a price taker for goods and services, its economic growth depends on the export of certain goods, and there is a high dependence on imports to saturate the domestic market for goods and services.
open economy, globalisation process, small open economy, international trade, foreign trade, world market
1. Alijanov D. A. Economic Development Strategies for the Development of the Economy / D. A. Alidjanov // Current situation. Economic development and policy issues. – 2023. – Vol. 64, No. 1. – PP. 76-83. – EDN TMXMOG.
2. Borzenko P. V. Formation of an Open Economy // Fundamental and applied research: from theory to practice: Proceedings of the II international scientific and practical conference dedicated to the Day of Russian Science. Voronezh-Kyzyl-Kiya: LLC AMiSta, 2018. Vol. 4. – PP. 101-106.
3. Burlov D. Yu., Shagzhieva T. S. Open Economy: content, criteria, principles // Economic analysis: theory and practice. Moscow: LLCPublishing house Finance and credit. 2002. No. 3. – PP. 24–29.
4. Kaurova N. N. Phenomenon of Economic Openness from the Standpoint of Threats to National Security // Finance and credit. Moscow: LLCPublishing house Finance and credit. 2013. No. 22 (550). – PP. 41–47.
5. Kaurova N. N. Financial and Economic Security in the Context of Openness of the National Economy (theoretical and methodological aspect): author's abstract. diss. for a Ph.D. in economics, specialty 08.00.05. Economy and management of the national economy (by industry) // Institute of Economics, Russian Academy of Sciences. 2013. 38 p. [Electronic resource]. URL: https://elibrary.ru/item.asp?id=30397899&
6. Kireev A.P. International Microeconomics: Textbook. - M .: International Relations, 2013 . – PP. 51–53.
7. Nikitina M. G., Butsenko I. N., Selyunina V. S. Openness of the Economies of the Member States of the Eurasian Economic Union: Theory and Practice // Scientific Notes of the V. I. Vernadsky Crimean Federal University. Economics and Management. 2020. Vol. 6 (72). No. 3. – PP. 87-103.
8. The Concept of an Open Economy. International Flows of Goods, Services, Capital and Labor // Macroeconomics: Textbook / Ed. Rodinoy A. G. 2018. [Mavodi elektronӣ]. URL: https://studme.org/136158/ekonomika/ponyatie_otkrytoy_ekonomiki_mezhdunarodnye_potoki_tovarov_uslug_kapitala_rabochey_sily
9. Potapova A. I., Sabyna E. N. Open and Closed Economy: issues of restricting access to the Russian economy // Actual issues of functioning of the economy of Altai Krai. Barnaul: Altai State University. 2018. No. 10. – PP. 8–15.
10.Saidmurodov L.Kh. The Republic of Tajikistan in the System of Modern World Economic Relations: a model of a small open economy – Dushanbe: Donish, 2021. – 414 pp.
11.Frolova T. A. World Economy: Lecture Notes. Taganrog: TTI SFedU. 2010. [Electronic]. URL: http://www.aup.ru/books/m215/
12.Sharpatova U. E. Classification of Countries by Degree of Economic Openness // Modern Scientific Research and Innovations. 2013. No. 12 [Electronic]. URL: http://web.snauka.ru/issues/2013/12/30452
13.Legatum Institute Prosperity Index – Methodology Report. 2019. 97 p. [Electronic]. URL: https://prosperitysite.s3accelerate.amazonaws.com/7515/8634/9002/Methodology_for_Legatum_Prosperity_Index_2019.pdf
14.https://data.worldbank.org/ (accessed: 14.02.2025).