1. Trade Openness and Vulnerability in Central and Eastern Europe
- Author:
- Pierluigi Montalbano, Alessandro Federici, Umberto Triulzi, and Carlo Pietrobelli
- Publication Date:
- 06-2005
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- This paper offers a substantive contribution to the debate on the role of international trade on the development of emerging countries. The aim is to detect empirically the phenomenon of vulnerability induced by trade openness. The methodology adopts a forward-looking approach and tries to fill a missing link in the theory between trade shocks, volatility, and the wellbeing of countries, distinguishing between 'normal' and 'extreme' volatility.
- Topic:
- Development, Economics, Globalization, and International Trade and Finance
- Political Geography:
- Eastern Europe