(Paperback)
Vulnerability has become the defining challenge of our times. More than one billion people worldwide live in extreme poverty. Facing risks exacerbated by natural hazards, ill-health and macroeconomic volatility, many are mired in inescapable poverty while millions others are on the brink of poverty.
The need to better understand vulnerability is pressing, particularly in the case of developing countries where bulwarks against risks can be in short supply. This volume brings together essays from leading scholars to study the critical dimensions of vulnerability in developing countries, including the relationship between poverty and vulnerability as well as vulnerability arising from ill-health and external shocks.
Reflecting the multi-dimensionality of vulnerability, the volume showcases a variety of methodologies that offer new perspectives on the use and relevance of vulnerability in economic development. Case studies focus on major developing countries like China and India, countries in transition, small island states and failing states. The volume concludes by offering a prescription on the necessary requirements to tackle vulnerability in developing countries, including strengthening household resilience, building appropriate safeguards against risk, and creating and maintaining quality institutions.