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<strong>ICM</strong> – Integrated Common Manual, a policy and procedure manual for FFELP participants. The manual and related tools may be found at
www.commonmanual.org.
<strong>State Student Financial Aid Committee</strong> – A committee of Missouri financial aid administrators established in February of 2005 to make recommendations to improve and strengthen the Missouri student financial assistance programs. (Formerly known as “the state aid program task force.” )
open economy (F1, PO)<br />An economy engaged in international trade. The degree of openness of an economy can be measured by its imports or exports as a proportion of gross domestic product: for the most open of economies this can be over 60 per cent. The smaller an economy, the more open it usually is, as it is unlikely to produce a full range of goods and services. Open economies such as the UK, Holland and Belgium are, therefore, much affected by fluctuations in world trade.<br /><em>See also:</em> autarky; closed economy
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