Creating Resilient Economies

Providing a coherent and clear narrative, Creating Resilient Economies offers a theoretical analysis of resilience and provides guidance to policymakers with regards to fostering more resilient economies and people. It adeptly illustrates how resilience thinking can offer the opportunity to re-frame economic development policy and practice and provides a clear evidence base of the cultural, economic, political and social conditions that shape the adaptability, flexibility and responsiveness to crises in their many forms.

Similar to our needs to secure the basic necessities (food, water, shelter and clothing), we need more than ever today to build resilient communities’ livelihoods which have a set of approaches that help us to manage the challenges and be tolerant to a sudden crisis. Communities livelihood involves the capacity to ensure sustainable and continuously developing activities that overcome turbulent economic, ecological, and socially complex contemporary or foreseen situations. Having intolerant communities that refuse diversified life is a serious socio-economic problem that might lead to both socio-environmental and socio-political problems which deteriorate our livelihood. Therefore, we need to tackle non-resilience as an issue of hidden opportunities that need to be exploited until we reach optimum resilience status. Being more resilient helps to create lasting change, which is what differentiates any community outcome or realized change. Therefore, the purpose of this work is to create aspiring leaders from around the world who have the right mindset and passion towards creating a difference towards this challenging, positive change.

Some climate change is now inevitable and strategies to adapt to these changes are quickly developing. The question is particularly paramount for low-income countries, which are likely to be most affected. This timely and unique book takes an integrated look at the twin challenges of climate change and development. The book treats adaptation to climate change as an issue of climate-resilient development, rather than as a bespoke set of activities (flood defences, drought plans, and so on), combining climate and development challenges into a single strategy. It asks how the standard approaches to development need to change, and what socio-economic trends and urbanisation mean for the vulnerability of developing countries to climate risks. Combining conceptual thinking with practical policy prescriptions and experience the contributors argue that, to address these questions, climate risk has to be embedded fully into wider development strategies

Climate change will have a profound impact on human and natural systems, and will also impede economic growth and sustainable development. In this book, leading experts from around the world discuss the challenges and opportunities in building a climate resilient economy and society. The chapters are organised in three sections. The first part explores vulnerability, adaptation and resilience, whilst Part II examines climate resilience-sectoral perspectives covering different sectors such as agriculture, fisheries, marine ecosystems, cities and urban infrastructure, drought prone areas, and renewable energy. In the final part, the authors look at Incentives, institutions and policy, including topics such as carbon pricing, REDD plus, climate finance, the role of institutions and communities, and climate policies. Combining a global focus with detailed case studies of a cross section of regions, countries and sectors, this book will prove to be an invaluable resource.

Resilience is a value that unfolds over a lifetime and has shown to be expressed in different ways and by different disciplines. The book covers a total review and reflections of resilience role in creating better socio-economy. The author targets to provide practitioners, researchers and change community leaders a roadmap to boost resilience economy and resilience engineering and manage their existence. This work is essential for better withstanding adverse shocks and reducing the economic costs associated with weak economic structures through ability to absorb disturbances and bouncing back, while continuing to function. With resilient economy, the world would witness more harmony while enhancing its capacity to respond to sudden crisis. Something that is worth exploring more in today's daunting conditions.

This volume presents an economic framework for the analysis of resilience in relation to societal, environmental, and personal security perspectives. It offers a rigorous definition of economic resilience and an operational metric, and it shows how they can be applied to measuring and applying the concept to private and public decision making. Major dimensions of resilience and their implications for human development are explored. Resilience is emphasized as a coping mechanism for dealing with short-term crises, such as natural disasters and acts of terrorism. As well, the author shows how lessons learned in the short-run out of necessity and through the application of human ingenuity can be incorporated into long-run sustainability practices. In part, this opportunity stems from viewing resilience as a process, one that enhances individual and societal competencies. The book links economic resilience to several other disciplines and examines the relationship between resilience and various other key concepts such as vulnerability, adaptation, and sustainability. It scrutinizes the measurement of economic resilience in terms of temporal, spatial, and scale dimensions. It examines the time-path of resilience and relates it to the recovery process.This work also looks closely at progress on the formulation of resilience indices and stresses the importance of actionable variables. It presents a risk-management framework, including aspects of cost-effectiveness and cost-benefit analysis. Additionally, it explores the role of resilience in relation to the co-benefits of disaster risk management.