economic vulnerability index definition

margin: 6px; a.box-ldcs::before { .ldc-table-wrapper .ldc-co {color:#000;background-color:#FFE0C2;} hr.ldc-table-wrapper .ldc-light {height: 2px;color: #91C2F2;background-color: #91C2F2;border: none;} .ldc-table-wrapper .ldc-cont {color:#000;background-color: #E9F3FC;} vertical-align: middle; font-size:1.1em; background-color: #F0F5E6; } div#sidebar-right.col-md-3 ul#menu-cdp-menu.menu li, } background-color: #1069B8; .ldc_profiles td { height: 1px; padding-top: 0!important; vertical-align: top; The Economic Vulnerability Index is a composition of the following eight indicators: 1) population size, 2) remoteness, 3) merchandise … } Each index is a summary of a different subset of Census variables and focuses on a different aspect of socio-economic advantage and disadvantage. And second, EVI is to be used, in addition to other traditional measures, as a criterion for aid allocation between developing countries. Economic vulnerability was initially developed in the 1990s by Briguglio (1993), Briguglio (1995), Briguglio (1997) and refers to the ‘risk’ to economic resilience (Gnangnon Sena, 2016). background-color: #4f81bd; content: "\f061"; The characteristics determined by physical, social, economic and environmental factors or processes which increase the susceptibility of an individual, a community, assets or systems to the impacts of hazards. .ldc-table-wrapper .ldc-cbar3 { color: #fff; background-color: #f93; text-align:center;} .ldc-table-wrapper .ldc-cb {color:#000;background-color:#D6E0EB;} /* Body Footer */ color:#4f81bd; } .lyris-stacked-signup header, .ldc-table a.box-criteria::before, font-style: italic; content: "\f234"; background-size: contain; .ldc-dg { ECONOMIC VULNERABILITY AND RESILIENCE CONCEPTS AND MEASUREMENTS1 Lino Briguglio, Gordon Cordina, Nadia Farrugia and Stephanie Vella Economics Department, University of Malta Abstract. .ldc-lbar3 { color:#ccc; td.ldc-larrow-down { } min-height: 1px; content: "\f212"; 1. a.box-dev-coop::before, The new Climate Change Vulnerability Index (CCVI), released by global risks advisory firm Maplecroft, enables organisations to identify areas of risk within their operations, supply chains and investments. Socio economic vulnerability / Basic Needs 2. display: block; margin-bottom: 0; .ldc-table-wrapper .ldc-lbar4 {color:#000;background-color: #F0F5E6;} These terms are attractive because they are both intuitively understandable to a largeaudience…butthisfactcangiverisetomisunderstandings(EEA,2012). .ldc-table-wrapper .ldc-bt {color:#000;} .ldc-bw { .ldc-table .row { .ldc-table a.box-review, .col-xs-5ths { A retrospective Economic Vulnerability Index. .ldc-table-wrapper .ldc-bar3 {background-color:#ccc;} #body-footer-text { .col-md-5ths, Chambers and Conway’s definition states that: “A livelihood comprises the capabilities, assets (stores, resources, ... Economic vulnerability should be measured separately from, and in addition a.box-lnob::before, Social groups which are most vulnerable to poverty : Scheduled caste and scheduled tribes. margin-top: 0!important; /* Bootstrap addin for 5 columns */ } .ldc-table a.box-graduation::before { Enrich your vocabulary with the English Definition dictionary .col-sm-5ths { #content #rss-6 ul { .ldc-table-wrapper .ldc-ut {color:#069;} } a.box-nat-reviews::before { font-size: 2em; #content ul.rpwe-ul { content: ""; padding-right: 15px; a.box-ldcs, padding-bottom: 2em; a.box-lnob, The SVI indicates the relative vulnerability of every U.S. Census tract. padding-top: 0!important; content: "\f085"; padding-top: 10px; .ldc-table a.box-support::before, /* Boxes for cdp page */ color:#ccc; color:#ccc; font-size: 12px; } background-repeat: no-repeat; Shelter 5. margin: .5em 15px; .borderless ul, Read more >>, /* ----------------------------------------- */ Literature from this perspective focuses on the multidimensionality of poverty … The paper examines how EVI can be used for international development policy, underlining two main purposes: first—the purpose for which EVI was initially designed—is the identification of the least developed countries (LDCs) that are allowed to receive some preferential treatment in aid and trade matters. } font-family: 'FontAwesome'; .ldc-table-wrapper .ldc-tab1 { color: #000; background-color: #91C2F2; border: 2px solid #fff!important; height:35px; width:33%; text-align:center;} margin: .2em .5em .2em 0; economic vulnerability and nurtured resilience, respectively. padding: 0; text-decoration: underline; } color:#fff; .ldc-table-wrapper .ldc-bw {color:#fff;background-color:#4f81bd;} #content .responsive-tabs-wrapper ul.responsive-tabs__list li:before { vertical-align: top; Instability of exports of goods and services, Share of population in low elevated coastal zones, Share of agriculture, forestry and fishing in GDP, Note by the CDP Secretariat on measuring remoteness for the identification of LDCs (August 2015), Covid-19 threatens to have devastating effects on the least developed countries (LDC). a.box-dev-coop::before { footer h6:after { } .member-table th, .ldc-table-wrapper .ldc-sm {color:#000;} It recalls the conceptual and empirical grounds of the index, considers the … font-size: 2em; color:#4f81bd; background-color:#4f81bd; For instance, indicators from the physical sciences can be combined with … content: "\f08b"; .ldc-table-wrapper .ldc-tl {color:#000;color:#000;background-color:#E9F3FC;} } margin-bottom: 1em; margin: .1em!important; footer li a:focus, } There are broadly two approaches to understand Macroeconomic vulnerability of a country. Learn more in: Investigating the Economic Vulnerability Factors of Emerging Markets After the Global Financial Crisis of 2008 With … .ldc-table-wrapper .ldc-cbar2 { color: #fff; background-color: #4f81bd; text-align:center;} In response to the need expressed by the UN General Assembly, an economic vulnerability index (EVI) has been defined by the Committee for Development Policy. .ldc-table .box:hover { } a.box-nat-reviews::before, .col-xs-5ths, .ldc-table a.box-criteria, .ldc-table a.box-reports::before { display:none; td.ldc-arrowhead span { padding-left: 0; padding: 0 10px; .ldc-table-wrapper th, .ldc-table-wrapper td, .ldc-table-wrapper table { padding: 4px!important; border:solid #f2f2f2 1px !important;} .ldc-table-wrapper .ldc-lbar7 {color:#000!important;background-color: #F7FAFC;} border: 1px solid #f2f2f2!important; } padding: 0 10px; font-size: 14px; } font-size: 2em; content: none; .ldc-table-wrapper .ldc-sg {color:#000;background-color:#E9F3FC;} background-color:#4f81bd; #content .rpwe-time { .ldc-table a.box-glance::before { color: gray; } .ldc-table-wrapper .ldc-lbar {background-color:#ccc;} } content: "\f1b3"; The present paper, which refers to this index, first examines how a structural economic vulnerability index can be designed for the low-income countries in particular. } padding: .3em .8em; .ldc-table a.box-review::before, table#ldc-reporting, #ldc-reporting th, #ldc-reporting td { .ldc-table-wrapper .ldc-cbar4 { color: #fff; background-color: #360; text-align:center; font-size: 1.1em; font-family: 'Oswald',Helvetica,sans-serif; font-weight: 700;} font-weight: normal; Economic vulnerability is defined as the potential impact of hazards on economic assets and processes (i.e., business interruption, secondary effects such as increased poverty and job loss). padding-left: .6em; .ldc-table-wrapper .ldc-tab5 { color: #000; background-color:#E9F3FC; border-top:1px solid #369!important;border-bottom:1px solid #369!important;border-right:1px solid #369!important;} Macroeconomic Vulnerability Index which adds up rate of inflation, current account deficit and fiscal deficit of a country is quite helpful in comparing countries across years. #content .responsive-tabs-wrapper ul.responsive-tabs__list { float: left; .ldc-table-wrapper .ldc-bar1 { color: #000; background-color: #91C2F2;} font-weight: normal; .ldc-table a.box-inclusion, } /* Tabby style for Resources Section */ } padding: .2em .6em 0 0; content: "\f060"; font-size: 2em; margin: 0; The Index of Economic Resources (IER). Economic vulnerability index " is one of the criteria used by the United Nations Committee for Development Policy, an advisory body to the United Nations Economic and Social Council in the identification of Least Developed Countries. .ldc-table-wrapper .ldc-ht {color:#069;} .ldc-table-wrapper .ldc-cg {color:#000;background-color:#D6E0CC;} padding: 8px!important; .ldc-table a.box-inclusion::before { padding: .5em 0; BACKGROUND SOCIAL VULNERABILITY ASSESSMENT TOOLS FOR CLIMATE CHANGE AND DRR PROGRAMMING 9 .ldc-table-wrapper .ldc-tr {color:#000;color:#000;background-color:#E9F3FC;text-align:right;} border: 1px solid #e3e3e3; /* Share Box Fix */ content: '\f0da'; .borderless th, .ldc-table a.box-support::before { border: solid 1px #4d4d4d; } .ldc-table a.box-reports, div#sidebar-right.col-md-3 .menu { font-family: 'Oswald',Helvetica,sans-serif; padding-left: .8em; Specifically, economic vulnerability is the likelihood of a system being affected negatively by shocks or perturbation (Naudé et al., 2009). /* Footer */ } Ferdi has contributed in the past to the definition of the Economic Vulnerability Index (EVI), which is one of the three criteria used by the United Nations to identify Least Developed … /* ----------------------------------------- */, Department of Economic and Social Affairs, Secretariat of the Committee for Development Policy, University of East Anglia Climatic Research Unit, Center for International Earth Science Information Network at Columbia University, Centre d'Etudes Prospectives et d'Informations Internationales (CEPII), National Accounts Main Aggregates database, National Accounts Main Aggregates Database, Economic and Environmental Vulnerability Indicators, Graduation Preparation & Smooth Transition, Preparing for graduation: meeting in Lao PDR ahead of CDP Triennial Review, UNCDF-OECD Report Focuses on Potential of Blended Finance for LDCs’ Response to Covid-19, LDCs and climate ambition: the Thimphu Ambition Summit, LDCs at the WTO: Proposals for extension of LDC support measures for a period after graduation, Office of ECOSOC Support and Coordination, Division for Social Policy and Development, Division for Public Administration and Development Management, Drylands are particularly vulnerable to climate change and other shocks (desertification, land degradation, drought, wildfires, heat stress). 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