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A Commonwealth Vulnerability Index for Developing Countries

The Position of Small States

image of A Commonwealth Vulnerability Index for Developing Countries

There is growing international recognition that high economic exposure, remoteness, isolation and proneness to natural disasters all have a debilitating effect on small economies, despite the fact that some of them exhibit relatively high per capita incomes. This paper presents a Commonwealth vulnerability index that is designed to quantify vulnerability, and hence provide a means to identify vulnerable states. This index can be used as an operational tool in determining whether small states should be accorded differential treatment by the international community. It is intended as an additional criterion to augment other factors, such as per capita income, which are taken into account in reaching decisions on the treatment of certain developing countries by international organisations.

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The Commonwealth Vulnerability Index (CVI)

Table 6 presents the Commonwealth Vulnerability Index score and ranking of 111 developing countries, along with their population, vulnerability impact score and ranking, and resilience score and ranking. The values of the variables used to derive the vulnerability impact index for each of the 111 countries are shown in Table A3.1 (Annex 3). The CVI developed clearly shows that, in general, small states are more vulnerable to external economic forces and environmental hazards than are large states.

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