As commonly agreed, the vulnerability of a country is here considered as the risk it will be hurt by exogenous shocks. The vulnerability of countries has been recognised since the beginning of development economics as one of the main problems they face, due to shocks, either of external or...

The need for country vulnerability profiles is linked to the difficulty of capturing in a single index, no matter how complex, the various kinds of vulnerability which developing countries may face. The Multidimensional Vulnerability Index (MVI) being developed by the United Nations has not...