This paper deals with the problem of vulnerability of developing countries and their resilience capacity with respect to external shocks. The analysis particularly considers the countries of Latin America and Sub-Saharan Africa. Although the transmission risks of the 2007 financial crisis were...

The Report by the Commission on the Measurement of Economic Performance and Social Progress (Stiglitz et al., 2009) published in September 2009 has brought back to the attention of policy makers and researchers that measuring a country’s development solely on the basis of GDP or GDP per capita...

One of the pillars of food security in developing countries is the accessibility to food. Over the last decade, world food market experienced events during which food prices increased significantly. The periods of high food prices were also accompanied by a high degree of volatility in prices....