The concept of structural economic vulnerability and its relevance for the identification of the least developed countries and other purposes: nature, measurement and evolution
PDF document available at: https://www.un.org/development/desa/dpad/wp-content/uploads/sites/45/publication/CDP-bp-2011-12.pdf
CDP Background Paper No. 12
By Patrick Guillaumont
Structural economic vulnerability is a major obstacle for the development of LDCs. The paper discusses the conceptual, methodological and empirical issues related to the economic vulnerability index (EVI) developed and used by the Committee for Development Policy (CDP) in the identification of LDCs. It also addresses the relation between physical and economic vulnerability to climate change as well as the role of the EVI in allocating official development aid and as tool for development research.
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