Assessing the Economic Vulnerability of Small Island Developing States and the Least Developed Countries
- 21 May 2010
- journal article
- research article
- Published by Taylor & Francis Ltd in The Journal of Development Studies
- Vol. 46 (5), 828-854
- https://doi.org/10.1080/00220381003623814
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.Other Versions
This publication has 32 references indexed in Scilit:
- Aid, Volatility, and Growth Again: When Aid Volatility Matters and When it Does NotReview of Development Economics, 2009
- Aid Selectivity According to Augmented CriteriaThe World Economy, 2007
- Foreign Direct Investment: Flows, Volatility, and the Impact on Growth*Review of International Economics, 2006
- Income Inequality and Macroeconomic Volatility: An Empirical InvestigationReview of Development Economics, 2005
- Has Distance Died? Evidence from a Panel Gravity ModelThe World Bank Economic Review, 2005
- Relative National Efficiency and Country Size: Evidence for Developing CountriesReview of Development Economics, 2003
- The vulnerability and resilience of small island developing states in the context of globalizationNatural Resources Forum, 1999
- Reforming StabexThe World Economy, 1999
- How instability lowers African growthJournal of African Economies, 1999
- INSTITUTIONS AND ECONOMIC PERFORMANCE: CROSS‐COUNTRY TESTS USING ALTERNATIVE INSTITUTIONAL MEASURESEconomics & Politics, 1995