Does Trade Openness Increase Vulnerability? A Survey of the Literature

Montalbano, Pierluigi

doi:10.2139/ssrn.1996810

Abstract

References (151)

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Does Trade Openness Increase Vulnerability? A Survey of the Literature

Pierluigi Montalbano

Sapienza University of Rome (Italy); University of Sussex

January, 31 2012

Abstract:
This work focuses on the welfare costs of exposure to shocks and uncertainty linked to trade openness – a prominent issue in 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.

Number of Pages in PDF File: 28

Keywords: vulnerability, trade openness, volatility, crisis transmission, developing countries

JEL Classification: F40, I32, C82, E17, D60

working papers series

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Date posted: February 2, 2012

Suggested Citation

Montalbano, Pierluigi, Does Trade Openness Increase Vulnerability? A Survey of the Literature (January, 31 2012). Available at SSRN: http://ssrn.com/abstract=1996810 or http://dx.doi.org/10.2139/ssrn.1996810

Contact Information

Pierluigi Montalbano (Contact Author) Sapienza University of Rome (Italy) ( email ) Piazzale Aldo Moro 5 Roma, Rome 00185 Italy HOME PAGE: http://www.uniroma1.it
University of Sussex Falmer Brighton, Sussex BNI 9RH United Kingdom HOME PAGE: http://www.sussex.ac.uk/

Abstract

References (151)

Does Trade Openness Increase Vulnerability? A Survey of the Literature

Pierluigi Montalbano

Date posted: February 2, 2012

Suggested Citation

Contact Information

Pierluigi Montalbano (Contact Author)