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Contact: Lucius Doxerie
Thursday, June 12, 2008 – The characteristics of Small States are well documented, and include vulnerability to external events, that cause high volatility in national incomes and difficult economic transition to a changing world trade regime.
Moreover, there are a number of special development challenges and vulnerabilities that many Small States face including remoteness and isolation; susceptibility to natural disasters and environmental change, limited diversification possibilities and limited capacity in the public and private sectors.
Against that reality, the Government of Saint Lucia, Commonwealth Secretariat and the Small States Network for Economic Development are organising a conference on “Economic Resilience Building in Saint Lucia”. The principal objectives of the conference are to assess economic resilience and identify gaps and best practices within the resilience framework.
The project builds on the work done by the University of Maine in collaboration with the Commonwealth Secretariat on the economic resilience index and the economic resilience framework.
To offset their unique vulnerabilities, Small States must, among other things, build economic, social and environmental resilience mechanisms. It is to this end, that this conference is being organised. |
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