| 11. | Not too long ago, Latin America was awash in military juntas, closed economies and shantytown slums.
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| 12. | These included the adaptation of the closed economy and nationalization of many private business and lands.
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| 13. | The model structure with a set of equations for a simple closed economy is given by:
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| 14. | This has never been a closed economy.
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| 15. | Whereas the traditional IS-LM Model deals with a closed economy, Mundell Fleming describes a small open economy.
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| 16. | But these closed economies ultimately proved unsustainable.
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| 17. | Nehru used his solid majority to abandon Gandhian tenets and herd Parliament into accepting a closed economy.
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| 18. | In a simple model of a closed economy, anything that is not spent is assumed to be invested:
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| 19. | The junta has liberalized what had been a closed economy, but has done little to restore democratic rule.
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| 20. | The junta has liberalized what had been a closed economy, but has done nothing to restore democratic rule.
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