Profiling Vulnerability and Resilience

A Manual for Small States

image of Profiling Vulnerability and Resilience
Profiling Vulnerability and Resilience: A Manual for Small States provides a tool for assessing both how prone a country is to external economic shocks – its vulnerability – as well as its ability to bounce back from those shocks – its resilience.

The book explains how to conduct assessments that will allow each country to understand its relative vulnerability and resilience, and to identify priority areas for economic policy-making, so as to better cope with vulnerability and boost resilience. Detailed examples are provided for St Lucia, Seychelles and Vanuatu.

For economic planners, as well as students of the economies of small states.



Practical steps for profiling economies in terms of vulnerability and resilience

As explained in the previous chapter, studies that produce indices of economic vulnerability and resilience are cross-sectional approaches, aimed at benchmarking countries within a global context. For the purposes of policy formulation and implementation, benchmarking within an international context is often merely a starting pointwhich needs to be followed by more in-depth investigation of issues within the specific context of the country and its circumstances.Aproject towards this endwas conducted by the Commonwealth Secretariat in collaboration with the University of Malta. This project led to the to the development of a conceptual approach for profiling an individual country in terms of vulnerability and resilience, as described in the previous chapter. Importantly, the project also led to the profiling of three small states namely St Lucia, Seychelles and Vanuatu, in terms of economic vulnerability and resilience.


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