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Assessing the Economic Vulnerability of Small Island Developing States and the Least Developed Countries

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  • Patrick Guillaumont
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    Abstract

    Macro vulnerability of the small island developing states (SIDS) as well as of least developed countries (LDCs) has been an increasing concern for the international community. This has led to the design of an economic vulnerability index (EVI) to assess the structural economic vulnerability resulting from natural or external shocks. We first explain how vulnerability affects growth, development and poverty reduction, particularly in small developing countries. We then examine how the EVI has been designed and how it can be used to compare SIDS and LDCs. We argue that EVI is a relevant tool not only for identification of LDCs, but also for geographical aid allocation to favour vulnerable countries, including LDCs and SIDS, even though not all SIDS qualify as LDCs.

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    Bibliographic Info

    Article provided by Taylor & Francis Journals in its journal Journal of Development Studies.

    Volume (Year): 46 (2010)
    Issue (Month): 5 ()
    Pages: 828-854

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    Handle: RePEc:taf:jdevst:v:46:y:2010:i:5:p:828-854

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    Cited by:
    1. Patrick Guillaumont, 2011. "The concept of structural economic vulnerability and its relevance for the identification of the Least Developed Countries and other purposes," CDP Background Papers, United Nations, Department of Economics and Social Affairs 012, United Nations, Department of Economics and Social Affairs.
    2. Sèna Kimm Gnangnon, 2012. "Does Structural Economic Vulnerability Matter for Public Indebtedness in Developing Countries?," Working Papers halshs-00749469, HAL.
    3. Léonce Ndikumana, 2013. "Applying Evaluation to Development and Aid: Can Evaluation Bridge the Micro-macro Gaps in Aid Effectiveness?," Published Studies, Political Economy Research Institute, University of Massachusetts at Amherst article-leonce-ndikumana-, Political Economy Research Institute, University of Massachusetts at Amherst.
    4. Angelucci, Federica & Conforti, Piero, 2010. "Risk management and finance along value chains of Small Island Developing States. Evidence from the Caribbean and the Pacific," Food Policy, Elsevier, Elsevier, vol. 35(6), pages 565-575, December.
    5. Anuradha Seth & Amr Ragab, 2012. "Macroeconomic Vulnerability in Developing Countries: Approaches and Issues," One Pager, International Policy Centre for Inclusive Growth 152, International Policy Centre for Inclusive Growth.
    6. Joël CARIOLLE, 2014. "Corruption in Turbulent Times: a Response to Shocks?," Working Papers P106, FERDI.
    7. Anuradha Seth & Amr Ragab, 2012. "Macroeconomic Vulnerability in Developing Countries: Approaches and Issues," Working Papers 94, International Policy Centre for Inclusive Growth.
    8. Patrick GUILLAUMONT, 2014. "Measuring Structural Economic Vulnerability in Africa," Working Papers P97, FERDI.
    9. Joël CARIOLLE, 2014. "Corruption in Turbulent Times: a Response to Shocks?," Working Papers P106, FERDI.
    10. Patrick GUILLAUMONT, 2014. "Measuring Structural Economic Vulnerability in Africa," Working Papers P97, FERDI.
    11. Montalbano, Pierluigi, 2011. "Trade Openness and Developing Countries' Vulnerability: Concepts, Misconceptions, and Directions for Research," World Development, Elsevier, Elsevier, vol. 39(9), pages 1489-1502, September.

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