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

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  • Montalbano, Pierluigi

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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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  • Montalbano, Pierluigi, 2011. "Trade Openness and Developing Countries' Vulnerability: Concepts, Misconceptions, and Directions for Research," World Development, Elsevier, vol. 39(9), pages 1489-1502, September.
  • Handle: RePEc:eee:wdevel:v:39:y:2011:i:9:p:1489-1502
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