There is growing international recognition that high economic exposure, remoteness, isolation and proneness to natural disasters all have a debilitating effect on small economies, despite the fact that some of them exhibit relatively high per capita incomes. This paper presents a Commonwealth vulnerability index that is designed to quantify vulnerability, and hence provide a means to identify vulnerable states. This index can be used as an operational tool in determining whether small states should be accorded differential treatment by the international community. It is intended as an additional criterion to augment other factors, such as per capita income, which are taken into account in reaching decisions on the treatment of certain developing countries by international organisations.

There is growing international recognition that high economic exposure, remoteness, isolation and proneness to natural disasters all have a debilitating effect on small economies, despite the fact that some of them exhibit relatively high per capita incomes. This paper presents a Commonwealth vulnerability index that is designed to quantify vulnerability, and hence provide a means to identify vulnerable states. This index can be used as an operational tool in determining whether small states should be accorded differential treatment by the international community. It is intended as an additional criterion to augment other factors, such as per capita income, which are taken into account in reaching decisions on the treatment of certain developing countries by international organisations.

In all of the major challenges facing the world currently, whether it be climate change, terrorism and conflict, or urbanization and demographic change, no progress is possible without the alleviation of poverty. New approaches in development economics have in recent years started from the premise that we cannot successfully deal with poverty unless we also deal with vulnerability—but not only vulnerability to income poverty but also vulnerability to various others hazards—such as climate, conflict, macroeconomic shocks and natural disasters. This book provide insights into new approaches in conceptualising and measuring vulnerability. It includes chapters dealing with advanced issues such as the compilation of economic vulnerability indices (EVIs) on a macro-level, of conceptualizing and measuring local vulnerability across regions in a country, and of measuring the flip-side of vulnerability, namely resilience. The book also explores the sensitivities of the various measurements of vulnerability to vulnerability lines, poverty lines, and permanent income, with consideration to some of the most vulnerable groups in developing countries. Overall, the contributions in the book consolidate new approaches as far as the concept and measurement of vulnerability on different levels and outcomes are concerned, and note directions for future research. This book was published as a special issue of Oxford Development Studies.

Bachelor Thesis from the year 2009 in the subject Business economics - Economic Policy, grade: 1,5, University of St. Gallen, language: English, abstract: As the economic crisis of the late 200os unfolds, the need for global political, regulatory and supervisory changes becomes apparent. This paper is intended to clarify the role that least developed countries play in this process. Different channels of vulnerability are identified and examined both in a dynamic and static framework, thereby contributing to an understanding of how and to which degree the world's poorest countries will be affected by the current global economic turmoil. It arrives at the conclusion that LDCs are likely to be negatively affected by numerous structural factors and identifies low and high vulnerability states by constructing a composite Economic Vulnerability Index.

This article puts forward a spatial perspective in framing the methodology for vulnerability assessment (VA) of developing countries, with special reference to small-island developing states (SIDS). Geographic vulnerability from a developing-world perspective is defined by the country's susceptibility to physical and human pressures, risks and hazards in temporal and spatial contexts. In constructing the composite vulnerability index (CVI), four core indicators are selected as sub-indices. The study confirms the vulnerability of SIDS based on four dimensions, namely, coastal index (G1), peripherality index (G2), urbanisation indicator (G3) and vulnerability to natural disasters (G4), and advocates consideration of place vulnerability and temporal distinctions when assessing the vulnerability of SIDS in particular.

This book provides a tool for assessing both how prone a country is to external economic shocks - its vulnerability - as well as its ability bounce back from those shocks - its resilience. For economic planners, as well as students of the economies of small states.