Macroeconomic Trends, Vulnerability and Resilience Capability in Small Island Developing States

Abstract

The purpose of this chapter is to provide a snapshot of small island economies, which are scattered across three geographical regions, namely, the Caribbean, the Pacific, and the Atlantic Indian Ocean, Mediterranean and South China Sea (AIMS). We document and analyse their macroeconomic parameters, degree of their vulnerability and damages caused by natural disasters and climate change. Since most of the small islands have little resources to bear the losses and restore their livelihood, and houses and industries, the role of international financial and other supports in improving their resilience capability is reviewed. Show more