Economic resilience: past lessons and new challenges
Online Session – June 18th – @Zoom
The global financial crisis that gave rise to the concept of economic resilience is now statistical history. With most advanced economies out of the recession for several years, it would be expected for the term to become dormant. Yet, socio-political and economic uncertainty together with the COVID-19 economic recession make resilience more relevant than ever.
Empirical research is still uncovering factors that can assist places to avoid or overcome a shock whilst theoretical contributions propose more holistic frameworks to understand resilience as an evolutionary process. As shocks diffuse easily through our highly interconnected economies, building resilience is a crucial development strategy for any region. However, at the policy level, there is still a lack of growth initiatives that embed resilience as a core feature.
This session aims to bring together research on the latest theoretical and empirical research in order to better understand the formulation of policy at the subnational level. It invites contributions that focus on the broad themes:
– Theoretical advancements on economic resilience.
– Qualitative and quantitative Empirical evidence of resilience determinants.
– The relationship of resilience to socio-economic inclusivity.
– What are the expected impacts of the COVID-19 recession?
– What can policy do to improve local economic resilience.
Tasos Kitsos (City-REDI, University of Birmingham), A.Kitsos@bham.ac.uk
Simone Grabner (Gran Sasso Science Institute), email@example.com