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The world economy is not what it used to be twenty years ago. For most of the 20th century, the world economy was characterized by developed (North) countries acting as 'center' to a 'periphery' of developing (South) countries. However, the recent rise of developing economies suggests the need...
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methodology to measure the vulnerability of a country's exports to fluctuations in the economic activity of foreign markets …. Export vulnerability depends first on the overall level of export exposure, measured as the share of exports in gross … domestic product, and second on the sensitivity of exports to fluctuations in foreign gross domestic product. The authors …
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methodology to measure the vulnerability of a country's exports to fluctuations in the economic activity of foreign markets …. Export vulnerability depends first on the overall level of export exposure, measured as the share of exports in gross … domestic product, and second on the sensitivity of exports to fluctuations in foreign gross domestic product. The authors …
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