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Trade Openness and Developing Countries' Vulnerability: Concepts, Misconceptions, and Directions for Research

  • Montalbano, Pierluigi

Summary This work focuses on the welfare costs of exposure to shocks and uncertainty linked to trade openness--a prominent issue in international debate. It contributes by presenting a comprehensive review of the literature on the "destabilizing effects" of trade openness, drawing together studies in different fields. It provides a conceptualization of vulnerability and three promising lines of reasoning (macro, micro, and meso) for future research on the link between trade and vulnerability.

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Article provided by Elsevier in its journal World Development.

Volume (Year): 39 (2011)
Issue (Month): 9 (September)
Pages: 1489-1502

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Handle: RePEc:eee:wdevel:v:39:y:2011:i:9:p:1489-1502
Contact details of provider: Web page: http://www.elsevier.com/locate/worlddev

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