ECSENOMICS Openness and Economic Growth 1970-1989 T-211 Figure 28-4 (a)Closed Economies (b) Open Economies .Taiwan a Indone Mexico ● New lealand 25 Argentina Venezuela · Madagascar Angela e Morb 1970 GDP per capita (thousands of 1985 dollars) 1970 GDP per capita(thousands of 1985 dollars) McGraw-Hilllrwin Source: Jeffrey Sachs and Andre w Warner, "Economic Reform and the Process of Global Inte gration,McGraw-Hill/Irwin Copyright © 2001 The McGraw-Hill Companies, Inc. All rights reserved. Openness and Economic Growth, 1970-1989 T-211 Figure 28-4 Source: Jeffrey Sachs and Andrew Warner, “Economic Reform and the Process of Global Integration,” Brookings Papers on Economic Activity,no. 1, 1995, pp. 42-43