B.com Year 2 Major economic and Social issues in Malta Lecture 3- Small states presentation- please see and pass it on to others :) Thanks...

1. CONCEPTUALIZING, MEASURING AND PROFILING ECONOMIC VULNERABILITY AND RESILIENCE Lino Briguglio, University of Malta Commonwealth Secretariat London Wednesday 28 July, 2010

3. INTRODUCTION

6. JUXTAPOSING ECONOMIC VULNERABILITY AND ECONOMIC RESILIENCE

9. Economic smallness is associated with a relatively high reliance on international trade:  high reliance on imports due to limited natural resource endowments and limited diversification possibilities;  high reliance on exports due to the limited size of the market and to meet import expenditure. What causes Economic Vulnerability?

10. What causes Economic Vulnerability? (cont) Economic vulnerability is also associated with:  high export concentration (i.e. reliance on a few items of exports of goods and services) and  high industrial concentration (i.e. reliance on a few items of manufactured products). In addition, many small states are:  prone to natural disasters, especially islands that are exposed to sea-borne hazards, with lead to heavy economic losses; and  prone to sea-level rise as a result of global warming, thereby facing the prospects of heavy economic losses due to their very high dependence on coastal activities.

16. Juxtaposing Vulnerability and Resilience (cont) Risk of being harmed by external shocks

20. Resilience Index Vulnerability Index FOUR COUNTRY SCENARIOS (cont)

21. RESULTS OF THE RESILIENCE INDEX AND COUNTRY CATEGORISATION

22. Resilience Results produced by Briguglio et al (2006) Results of the V&R Juxtaposition

25. COUNTRY PROFILING

31. CONCLUDING CONSIDERATIONS