The resilience shift: it is all in the partnership

Chaiechi, Taha (2021) The resilience shift: it is all in the partnership. Journal of Resilient Economies, 1 (2). pp. 1-3.

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Abstract

Economic resilience is operative in three levels of macro (governments), meso (market mechanisms) and micro (individual agents/ businesses) (Chaiechi, 2022). Economic resilience can be achieved through either or both inherent and adaptive strategies. Inherent resilience is an ordinary ability to manage a crisis, and it is routinely provided through resource allocation. Adaptive resilience is generally the system's ability to maintain functionality after being shocked that is achievable on the basis of extra effort. Due to large degrees of interdependencies between economic sectors, adaptive resilience in one sector can be significantly affected by changes in adaptive capacities in another. Therefore, efforts to build economic resilience cannot be implemented only by governments and at the macro level.

Item ID: 71207
Item Type: Article (Editorial)
ISSN: 2653-1917
Keywords: Resilience Shift, transformative growth, Public-Private Partnership, Business Continuity, disasters
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Copyright Information: Copyright (c) 2021 Taha Chaiechi. This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License.
Date Deposited: 27 Jan 2022 22:11
FoR Codes: 38 ECONOMICS > 3899 Other economics > 389999 Other economics not elsewhere classified @ 100%
SEO Codes: 15 ECONOMIC FRAMEWORK > 1599 Other economic framework > 159999 Other economic framework not elsewhere classified @ 100%
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