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.



Updating and augmenting the economic vulnerability index

The economic vulnerability index (EVI) was initially developed by Briguglio (1992, 1993, 1995) to explain the seeming contradiction that a country can be economically vulnerable and yet register a relatively high GDP per capita.Many versions of the indexwere produced following Briguglio’s work, including Chander (1996),Wells (1997), Atkins et al. (1998, 2001) and Crowards (1999). The general conclusion that emerged from these studies is that small island developing states tend to be more economically vulnerable than other groups of countries.


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