Growth and Resilience Dialogue 15/02/2018

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