The EIB COVID-19 Vulnerability Index examines three main factors that influence the resilience of economies to the COVID-19 shock. GDP has recorded steady gains, although the growth rate could slow in coming years because of softer world trade growth and faltering investment. In 2003, the severe acute respiratory syndrome (SARS) virus dragged the world’s output down by $50 billion. Employment Vulnerability in Australian Suburbs Baum, Mitchell and Flanagan (2013) 3 Table of Contents Section Description Page 1 Introduction 4 2 The performance of Australia’s labour market during the GFC 6 3 The CofFEE / GU Employment Vulnerability Index 8 4 Job loss potential in Australia’s urban regions 11 4.1 Introduction 11 The average applied tariff rate is 0.9 percent, and 320 nontariff measures are in force. The impacts on China in terms of a decline in stock market prices, halted product… The Barbados Programme of Action (BPoA), Section C5 Vulnerability Index (paragraphs 113 and 114) called for the development of vulnerability indices and other indicators that reflect the status of small island developing states and integrate ecological fragility and economic vulnerability… Description. Structure of the economy. Our modelling has incorporated the characteristics of the types of jobs held by individuals at a suburb level to develop an Employment Vulnerability Index(EVI) which provides a national ranking of suburbs according to the level of vulnerability to job losses in the current economic climate. Profiling Australia’s Vulnerability: The interconnected causes and cascading effects of systemic … …/. WESP also makes reference to the group of heavily indebted poor countries (HIPCs), Finity’s model is called “For places like Roma, this might be in logistics, while Chinchilla could further develop its strength in agriculture. Today our research centre – Centre of Full Employment and Equity – which is known as CofFEE, released the second version of our – Employment Vulnerability Index – which is an indicator that identifies the localities (medium-sized areas) in Australia that are most vulnerable to job losses when economic activity declines. Socio-Economic Indexes for Areas (SEIFA) is a product developed by the ABS that ranks areas in Australia according to relative socio-economic advantage and disadvantage. Trade Freedom 88.2 Create a Graph using this measurement, Investment Freedom 80.0 Create a Graph using this measurement, Financial Freedom 90.0 Create a Graph using this measurement. the Australian Agency for International Development (AusAID), the Finnish Ministry for Foreign Affairs, ... human capital, the new economic vulnerability index (EVI) should replace the diversification index as one of the criteria for identifying LDCs. effects of systemic disaster risk. The total value of exports and imports of goods and services equals 43.0 percent of GDP. Michelle Circelli and John Stanwick, NCVER . Australia is internationally competitive in financial and insurance services, technologies, and high-value-added manufactured goods. The indexes are based on information from the five-yearly Census. The financial sector is competitive and well developed. Quality of healthcare and age of the population. “The EVI is not a measure of absolute vulnerability,” Prof Beer says. Australia’s stable political environment supports a strong judicial system, which operates independently and impartially. THE CHOICES WE MAKE AND THE THINGS . This year, we see little risk of a hard landing in China dampening Australia’s prospects. Using an economic vulnerability index (EVI) devised to identify those communities that are likely to see the largest and most immediate negative effects on local economic activity and labour markets, the researchers believe leaders can use the results to better plan immediate support initiatives. © 2020 by The Heritage Foundation. Their studies involved area indexing of a number of oil vulnerable indicators, shown visually on maps. 4115, Super 66 draw no. Investing in major infrastructure projects to encourage job growth is not a sustainable solution. This paper focuses on one aspect of disadvantage in regions , namely, economic vulnerability , using a series of simple indicators of labour market change over a ten-year period, 2002—12. This report describes outcomes from its application for the Shark Bay, Western Australia property. Older societies and poorly functioning healthcare systems often make countries vulnerable to the health impacts of the pandemic. A model of the Australian population has been developed by Finity which comprises profiles of households and individuals which when aggregated replicate the actual known multi-dimensional characteristics of Australians in each local community. Its overall score has increased by 1.7 points, led by improvements in scores for government integrity and fiscal health. After Prime Minister Malcolm Turnbull resigned his seat in 2018, Scott Morrison formed a new Liberal Party minority government and went on to lead his party to an upset victory in May 2019 parliamentary elections. Concerned with ways to characterise economic vulnerability in labour market regions (including metropolitan regions) that are susceptible to structural economic change, the authors look at five indicators of economic vulnerability which were developed to rank regions from the most to the least vulnerable. All trademarks and rights are owned by their respective owners. Other taxes include value-added and capital gains taxes. Australia is one of the wealthiest Asia–Pacific nations and has enjoyed more than two decades of economic expansion. Facilitated by a transparent investment framework, foreign firms generally compete with domestic companies on equal terms. OF VALUE WE TRADE-OFF MATTER: THEY INSPIRE OUR STRENGTH AND PROSPERITY AND AFFECT OUR VULNERABILITY AND RESILIENCE. The LEVER index weighs the risk of high carbon economic exposure against the variability in carbon economic resilience from employment in low‐emission sectors across local economies. Global Vulnerability and Crisis Assessment Final Index Rank The GVCA Final Index lists countries in ranking order. Australia’s 10 free-trade agreements include FTAs with the U.S., China, Japan, South Korea, and the Association of Southeast Asian Nations. Read more about Australia Economy. “One of our many challenges in developing an index to assess economic vulnerability to COVID-19 that is useful for policymakers and planners, is the speed at which the economic ground is shifting under our feet. PROFILING AUSTRALIA’S VULNERABILITY. Szlafsztein and Sterr (2007) formulated the composite vulnerability index that combines a number of separate variables reflecting natural and socio-economic characteristics that contribute to coastal vulnerability due to natural hazards. “Therefore, we’ve designed the EVI with data items that look at the proportion of total jobs in the local economy that are part-time as well as the nature of jobs in the region. 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