Does Trade Openness Increase Vulnerability? A Survey of the Literature

28 Pages Posted: 2 Feb 2012  

Pierluigi Montalbano

Sapienza University of Rome (Italy); University of Sussex

Date Written: 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.

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

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

Suggested Citation

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

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/

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