Does trade opennes increase vulnerability? A survey of the literature

Working Paper Series from Department of Economics, University of Sussex Business School

Abstract: This work focuses on the welfare costs of exposure to shocks and uncertainty linked to trade opennes - a prominent issue in the 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 for future research on the link between trade and vulnerability.

Keywords: vulnerability; trade openness; volatility; crisis transmission; developing countries (search for similar items in EconPapers)
JEL-codes: C82 D60 E17 F40 I32 (search for similar items in EconPapers)
Date: 2010-09
New Economics Papers: this item is included in nep-his and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:sus:susewp:0410

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