Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/64444
Title: Chapter 7 : St Lucia : a country 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 -- Saint Lucia
Saint Lucia -- Economic conditions
Saint Lucia -- Economic policy
Gross domestic product -- Saint Lucia
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). Chapter 7 : St Lucia : a country 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. 71-84.
Abstract: This report presents a profile of the economic vulnerability and economic resilience of St Lucia. 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 refers to policy-induced ability of an economy to withstand and rebound from the negative effects of such shocks. In this report, such resilience is associated 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/123456789/64444
Appears in Collections:Profiling vulnerability and resilience : a manual for small states

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