Global | Resilience – far more than a cliché

Summary

In Spanish, the term “resilience” only really became popular after the 2008 financial crisis, but today it has taken center stage in all economic policy debate.

Key points

• Key points:
• These days policy makers are talking about resilience due to the growing fears of new structural crises — ranging from those like the financial or health crises recently experienced to the dreaded geopolitical, technological or environmental crises.
• There is no obvious prescription for attaining greater resilience, but various different public and private sector proposals share one common element: fostering an environment where it is easy to “experiment” in a gradual, inclusive and informed manner.

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