Trade Openness and Developing Countries' Vulnerability: Concepts, Misconceptions, and Directions for Research

被引:54
|
作者
Montalbano, Pierluigi [1 ,2 ]
机构
[1] Univ Roma La Sapienza, Rome, Italy
[2] Univ Sussex, Brighton BN1 9RH, E Sussex, England
关键词
vulnerability; trade openness; uncertainty; volatility; crisis transmission; developing countries; ISLAND DEVELOPING STATES; ECONOMIC VULNERABILITY; BUSINESS CYCLES; CURRENT-ACCOUNT; POVERTY DYNAMICS; EMERGING MARKETS; EXTERNAL SHOCKS; SUDDEN STOPS; GROWTH; VOLATILITY;
D O I
10.1016/j.worlddev.2011.02.009
中图分类号
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号
0201 ; 020105 ; 03 ; 0303 ;
摘要
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. (C) 2011 Elsevier Ltd. All rights reserved.
引用
收藏
页码:1489 / 1502
页数:14
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