A vulnerability and resilience framework for small states

Abstract

This chapter presents a revised vulnerability/resilience framework, building on the work of Briguglio et al. (2009).1 The chapter also revises and updates the economic vulnerability and economic resilience indices, the former associated with exposure to external shocks and the latter with policies that can enable a country to minimise or withstand the negative effects of such shocks. A number of policy implications are derived from the study presented in this chapter.

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