Coping with Turbulence: The Resilience Imperative

Innovations: Technology, Governance, Globalization, special edition for the World Economic Forum Annual Meeting 2009. Cambridge, MA: MIT Press, pp. 203-218

20 Pages Posted: 16 Feb 2014

See all articles by Philip E. Auerswald

Philip E. Auerswald

George Mason University - Schar School of Government and Policy

Debra van Opstal

George Mason University

Date Written: January 25, 2009

Abstract

Change in the 21st century is rapid-fire and turbulent. As globalization, technological complexity, and interdependence have created new opportunities, they have also created new uncertainties. In this environment, resilience is emerging as a new and increasingly critical priority for companies and countries alike. Yet few people understand why resilience is critical — or even what it is.

For countries, a strategic focus on resilience is as important to quality of life as it is to safety. It means not only ensuring the reliable provision of basic services but also reducing the variations in economic opportunity that come with major societal disruptions. A resilient society can cope with a variety of disruptions to critical systems — physical, virtual, health and economic — and its response will be agile, rapid, and resourceful, regardless of the cause of disruption.

Keywords: resilience, sustainability, growth, risk

JEL Classification: G30, Q54, Q55, Q58

Suggested Citation

Auerswald, Philip Edgar and van Opstal, Debra, Coping with Turbulence: The Resilience Imperative (January 25, 2009). Innovations: Technology, Governance, Globalization, special edition for the World Economic Forum Annual Meeting 2009. Cambridge, MA: MIT Press, pp. 203-218. Available at SSRN: https://ssrn.com/abstract=2395540

Philip Edgar Auerswald (Contact Author)

George Mason University - Schar School of Government and Policy ( email )

3351 Fairfax Dr.
Arlington, VA 22201
United States

HOME PAGE: http://auerswald.org

Debra Van Opstal

George Mason University ( email )

4400 University Drive
Fairfax, VA 22030
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
88
Abstract Views
527
rank
296,765
PlumX Metrics