Trade openness and developing countries’ vulnerability: concepts, misconceptions, and directions for research

Montalbano, Pierluigi (2011) Trade openness and developing countries’ vulnerability: concepts, misconceptions, and directions for research. World Development, 39 (9). pp. 1489-1502. ISSN 0305-750X

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Abstract

This work focuses on the welfare costs of exposure to shocks and uncertainty linked to trade openness—a prominent issue in international debate. It contributes by presenting a comprehensive review of the literature on the “destabilizing effects” of trade openness, drawing together studies in different fields. It provides a conceptualization of vulnerability and three promising lines of reasoning (macro, micro, and meso) for future research on the link between trade and vulnerability.

Item Type: Article
Keywords: vulnerability; trade openness; uncertainty; volatility; crisis transmission; developing countries
Schools and Departments: School of Business, Management and Economics > Business and Management
Depositing User: Pierluigi Montalbano
Date Deposited: 14 Mar 2017 10:07
Last Modified: 14 Mar 2017 10:07
URI: http://sro.sussex.ac.uk/id/eprint/67074
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