Resilience and post-traumatic growth: a historical exploration of economic resilience through four conceptual frameworks
摘要
Resilience is the ability of a system to adjust, restructure, and grow despite challenging circumstances. However, the concept lacks a universal definition and is often understood differently depending on the context in which it is applied. This study contributes to the existing literature by offering a comprehensive interpretation of the meaning of resilience, drawing on different perspectives and delineating how the concept has been adopted across various disciplines. Particular attention is devoted to economic resilience, defined as an economy’s capacity to respond to disruptions, either by returning to equilibrium or through continuous adaptation. This study aims to provide a novel outline of how resilience is understood and implemented in economics. First, it discusses the application of economic resilience within the conceptual frameworks provided by physics, biology, and psychology; then it explores the advantages of geographical diversification. It is argued that the latter constitutes a crucial economic strategy enhancing productivity, increasing employment, reducing short-term macroeconomic instability, and creating an environment favourable to external investment.