Resilience for sustainable, inclusive growth

Resilience should be seen as the ability to deal with adversity, withstand shocks, and continuously adapt and accelerate as disruptions and crises arise over time.

Since the beginning of the millennium, societies, economies, and the Earth itself have been subject to disruptions of increasing frequency and severity. Each evolves differently from the others, but many disruptions have overlapping consequences that can be long lived and are not completely understood at the time of impact. Disruptions are not new, and societies have developed sophisticated ways of managing them, using institutions to create stability against extreme events.

Today, the world is beset by several crises of global importance. Russia’s invasion of Ukraine has precipitated a humanitarian tragedy with far-reaching social and economic consequences. The refugee crisis stemming from this war amplifies attention on a wider refugee crisis involving tens of millions of people around the globe. The economic and humanitarian repercussions of rising costs of energy and food are likewise intensifying. The war in Ukraine has also shocked a world weary and damaged by the COVID-19 pandemic. The virus has taken more than six million lives, and in April 2022, it is still causing thousands of deaths each day. The context within which these disruptions occur, […]

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