Please use this identifier to cite or link to this item:
https://www.um.edu.mt/library/oar/handle/123456789/61292
Title: | On the economic vulnerability of low-income countries |
Other Titles: | Economic vulnerability and resilience of small states |
Authors: | Guillaumont, Patrick |
Keywords: | Macroeconomics -- Case studies Markets -- Case studies Economic development -- Environmental aspects |
Issue Date: | 2004 |
Publisher: | University of Malta. Islands and Small States Institute & The Commonwealth Secretariat |
Citation: | Guillaumont, P. (2004). On the economic vulnerability of low-income countries. In L. Briguglio & E. J. Kisanga (Eds.), Economic vulnerability and resilience of small states (pp. 54-71). Msida: University of Malta. Islands and Small States Institute & The Commonwealth Secretariat |
Abstract: | This chapter examines the relevance of the economic vulnerability concept for low-income countries (LICs), a topic which has recently been given considerable importance by several international bodies. Reference is also made to the vulnerability of small island developing states. Conceptual aspects of vulnerability are first discussed. It is argued that an indicator of structural economic vulnerability across LI Cs can be constructed with three main components namely (1) natural shocks proxied by instability in agricultural production (2) trade shocks, proxied by instability ofreal exports and (3) structural exposure to these shocks, proxied by the size of the population. Other possible components are also examined. Special reference is made to the economic vulnerability index, constructed by the UN Committee for Development Policy (CDP-EVI). The chapter argues that structural vulnerability is a matter of concern for growth, factor productivity and co-operation policies. |
URI: | https://www.um.edu.mt/library/oar/handle/123456789/61292 |
ISBN: | 99909-49-22-0 |
Appears in Collections: | Economic vulnerability and resilience of small states |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
On_the_economic_vulnerability_of_low_income_countries.pdf | 297.71 kB | Adobe PDF | View/Open |
Items in OAR@UM are protected by copyright, with all rights reserved, unless otherwise indicated.