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Main message of this presentation
•
The main message of this presentation is that the fact that SIDS
tend to be highly economically vulnerable should not be
construed as an argument for complacency on the part of SIDS
because a number of policy options are available to these
states, possibly enabling them to minimise the harmful effects
of external economic shocks.
•
The economic vulnerability of small island states is mostly
associated with their high degree of trade openness and
proneness to natural disasters.
•
Trade related vulnerability in a number of SIDS is exacerbated by
proneness to natural disasters. which has short-term cost
(particularly for recovery of housing and transport and energy
systems) and long-term effects, particularly due major
infrastructure damage, which is very costly per capita due to the
relatively high overhead costs involved.
8. Implications of the V&R framework and Concluding remarks