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

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  • Patrick Guillaumont

    (CERDI - Centre d'Études et de Recherches sur le Développement International - UdA - Université d'Auvergne - Clermont-Ferrand I - CNRS - Centre National de la Recherche Scientifique, FERDI - Fondation pour les Etudes et Recherches sur le Développement International)

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.

Suggested Citation

  • Patrick Guillaumont, 2010. "Assessing the Economic Vulnerability of Small Island Developing States and Least Developed Countries," Post-Print hal-00594797, HAL.
    • Handle: RePEc:hal:journl:hal-00594797
    DOI: 10.1080/00220381003623814
    Note: View the original document on HAL open archive server: https://hal.science/hal-00594797
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    References listed on IDEAS

    as
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