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Title: | Vanuatu : a profile of economic vulnerability and economic resilience |
Other Titles: | Profiling vulnerability and resilience : a manual for small states |
Authors: | Briguglio, Lino Cordina, Gordon Vella, Stephanie Vigilance, Constance |
Keywords: | Economic development -- Vanuatu Vanuatu -- Economic conditions Vanuatu -- Economic policy Gross domestic product -- Vanuatu |
Issue Date: | 2010 |
Publisher: | University of Malta. Islands and Small States Institute & The Commonwealth Secretariat |
Citation: | Briguglio, L., Cordina, G., Vella, S., & Vigilance, C. (2010). Vanuatu : a profile of economic vulnerability and economic resilience. In: L. Briguglio, G. Cordina, S. Vella, & C. Vigilance (Eds.), Profiling vulnerability and resilience : a manual for small states. Msida: University of Malta. Islands and Small States Institute & London: The Commonwealth Secretariat. 99-117. |
Abstract: | This report presents a profile of Vanuatu's economic vulnerability and economic resilience. Economic vulnerability is defined as the exposure of an economy to harmful external economic shocks that are outside the economy's control, typically resulting from high degrees of economic openness and dependence on a narrow range of exports. Economic resilience is the policy-induced ability of an economy to withstand and rebound from the negative effects of such shocks. In this report, such resilience is associated with macroeconomic stability, market efficiency, good political governance, social development and good environmental management, as explained in Briguglio et al. (2006, 2009). Economic vulnerability and insufficient resilience typically lead to a slower and more volatile pattern of economic development (Cordina 2004a, 2004b). |
URI: | https://www.um.edu.mt/library/oar/handle/123456789/64404 |
Appears in Collections: | Profiling vulnerability and resilience : a manual for small states |
Files in This Item:
File | Description | Size | Format | |
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Chapter_9_Vanuatu.pdf | 1.64 MB | Adobe PDF | View/Open |
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