But it also includes physical resilience and the ability to withstand shocks.

By and large, these developments enhance an economy s resilience to shocks and prevent economic collapse.

Growth must become more stable, with a consistently counter cyclical macroeconomic policy stance, prudent capital account management, and greater resilience to external shocks.

Overall, the Canadian economy performed solidly, with sustained economic growth, low and stable inflation and interest rates, and improved resilience to economic shocks.

Two kinds of institutions in particular need shoring up conflict management institutions to enhance economies resilience to external shocks, and institutions that promote productive diversification.

So we have to understand and enhance general resilience a system s capacity to cope with a variety of shocks, in all aspects of its functioning.

Yet they render invaluable services, in terms of preservation of agro and biodiversity, local communities resilience to price shocks or weather related events, and environmental conservation.

The strategic plan (2004 2007) is to protect livelihoods in crisis situations and enhance resilience to shocks by creating assets, by disaster mitigation and by enabling more sustainable livelihoods.

In fact, their new found resilience to capital market shocks is due in no small part to their becoming net lenders to the rest of the world, after years as net borrowers.

Of course, to some degree, a capitalist system will always be vulnerable to shocks and crises. The question is how to respond to them to minimize the fallout, while bolstering the system s resilience.

The US will normalize its interest rate policy sooner or later according to its need. For other countries, it is important to focus on policies that can strengthen resilience to foreign financial or monetary shocks.

The resilience of the global economy in the face of political and economic shocks demonstrates the central relevance of the reform process and underlines the importance of continuing along this path.

It is certainly cause for celebration that inflationary policies have been banished and governance has improved throughout much of the developing world. By and large, these developments enhance an economy s resilience to shocks and prevent economic collapse.

Southern Resilience

Underinvesting in Resilience

What Is Resilience?

Emerging Market Resilience

Germany s Five Shocks

Europe s Foreign Policy Resilience

CANBERRA Resilience, like love, is difficult to define.

Attempting to exceed these speed limits not only risks damaging the fiscal balance and the dollar s stability and resilience, but also may leave the economy and government finances highly vulnerable to future shocks that outweigh the quite modest short term benefits of accelerated investment and employment.

So expect big shocks.

Adjustment, support to trade and trade related shocks

E. Financial capital and resilience

Resilience should not be confused with resistance to change.

This makes economies significantly less vulnerable to external shocks.

China is thus far more vulnerable to external shocks.

Transformability and resilience are not opposites.

That might also help mitigate the impact of larger shocks and increase the net return potential during severe shocks (though it might also lower the return potential for more mild shocks).

Moreover, energy and food price shocks can be both large and largely unpredictable, while the speed of price changes tends to increase with big shocks.

Some have collective shocks to the marginal utility of leisure.

Debt sustainability is also affected by vulnerability to external shocks.

A sensible approach could be to hedge against intermediate level shocks.

Countries have accumulated large reserves in order to insure against shocks.

None of this detracts from the resilience factor.

But resilience itself is neither good nor bad.

Building and maintaining resilience requires probing its boundaries.

The loss of resilience would be too great.

This external dependence increases their vulnerability to external economic threats and shocks.

The West s fundamental mistake has been consistently to underestimate the Assad regime s resilience.

Third, financial shocks will be worse than expected.

But this resilience should not hide a deeper evolution.

In these cases, the system s resilience should be reduced.

Resilience of the Soul in Rochester, New York 2013.

But, even if we accept that conclusion, we are left to wonder what caused large shocks to uncertainty and to liquidity financial risk in recent years, and how reliably such shocks can be predicted.