Managed Openness: An Economic Toolkit for Preserving Policy Autonomy in a Globalized World
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Elman Azizov
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Globalization creates both opportunities for growth and channels for rapid shock transmission. This article proposes a practical policy framework—Managed Openness—to keep economies integrated while preserving room for counter‑cyclical action. The Managed Openness Toolkit (MOT) combines five mutually reinforcing pillars: (1) macro‑prudence for capital flows to limit boom–bust dynamics; (2) resilient trade geometry that diversifies critical inputs and reduces single‑point failures; (3) strategic public procurement that promotes innovation and transparency without protectionism; (4) digital and data policy that safeguards competition, interoperability, and cybersecurity; and (5) skills and social protection that accelerate re‑employment and sustain political support for openness. The paper outlines sequencing, measurable indicators, and safeguards against regulatory overreach, capture, and capacity constraints, while ensuring consistency with international obligations. Taken together, the framework reframes economic sovereignty as institutional capacity to manage volatility rather than withdrawal from global markets.
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Authors
Elman Azizov
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