Economic Resilience and Growth: Concept and applications

Author Name FUJII Satoshi  (Faculty Fellow, RIETI) /KUME Koichi  (Recruit Works Institute) /KOBAYASHI Yohei  (Consulting Fellow, RIETI)
Creation Date/NO. May 2014 14-P-006
Research Project Basic Research on the Resilient Economy
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While globalization of economic activity and development of information technology have brought us better living standards, they also may increase the diffusion of risks such as financial crises, natural disasters, and terrorism. Under these circumstances, the government of each country is required to mitigate the global risks in order to maintain the lives of the people. In this paper, we discuss the concept of "national resilience" for the security and safety of the people, and analyze data to show preliminary results indicating that strengthening economic resilience may mitigate risks and also promote economic growth.