"We will have to dramatically open our economy to foreign investors and get a steady flow of investment," he said.

But since the 1970's, when China began to open its economy and begin other reforms, there have been big changes, he said.

Together with political reforms, China in the early 1980s began to open its economy and signed a number of regional trade agreements.

India began taking steps to open its economy several years ago.

Vietnam has been trying to open its economy to the outside world.

China has already opened its economy to foreign retailers.

As Brazil opened its economy to foreign investment and competition, the bank was there at every step.

Mexico has done a great deal of homework on opening its economy.

But the changes, which have opened Turkey's society and its economy, have stuck.

India finally agreed to fall into line with American policy on the issue after opening its economy to foreign investment.