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.



Recent developments in St Lucia, Seychelles and Vanuatu

The global financial crisis of 2008 and 2009 and resulting global recession have impacted most economies, including those of small states,which are characterised by a high degree of economic openness. All three small island states that were profiled in the previous chapters were adversely affected but not with the same intensity, with Vanuatu still registering positive growth in 2009,whereas St Lucia and Seychelles are estimated to have experienced negative growth rates (IMF, 2010e).


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