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.



Profiling economic vulnerability and resilience conceptual underpinnings

Studies on economic vulnerability and resilience indices undertaken so far focus on a crosssectional approach, comparing one countrywith another in terms of a number of variables, with the aim of benchmarking countries within a global context. These indices are useful mainly for three purposes. One is to disseminate information on the issues of vulnerability and resilience because an index is a very good instrument for drawing attention to the issue being investigated. A second purpose is to help to develop a common language for discussion, because the derivation of indices requires quantification and hence, precise definitions of fundamental notions. The third is to promote the idea of integrated action because vulnerability and resilience indices are composite and therefore combine a number of factors thought to determine these conditions.


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