Uruguay had “poor” pre-pandemic international integration, but improved

In contrast, both Brazil and Argentina showed a poor pre-pandemic integration and subsequently increased their vulnerability.

RIO DE JANEIRO, BRAZIL - The Trade Vulnerability Index (IVC) is a tool that the Center for Development Studies (CED) prepares to measure "the state of a country's international presence in the global economy," according to the published report.

The CED splits this indicator into two: the IVC-Preference (it quantifies the proportion of exports from each country entering its destination without any type of preference) and the IVC-Integral (it adds to the other Index information on the concentration of exports in the most relevant market).

The first "is a very valuable contribution that puts into focus" the trade . . .

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