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Title

Identifying Factors Increasing and Decreasing Economic Resilience During COVID-19 Crisis

Author

Vladimir Yakovlevich Zakharov, Elena Nikolaevna Ludushkina, Elena Valerievna Kornilova, Marina Vladimirovna Kislinskaya, and Sergei Mikhailovich Brykalov

Citation

Vol. 22  No. 7  pp. 181-190

Abstract

The article contains an overview of the results of recent research by think tanks in different countries, devoted to the analysis of economic resilience factors in the Covid-19 crisis and the development of recommendations for improving preparedness for the next crises. The authors consider and propose a theoretical framework for the concept of the resilience of economic systems. The impact of the COVID-19 crisis on national economies is analyzed. Factors explaining the different сability of economic systems to withstand shock in the short and long term are identified. The reactions of market participants and national governments to the crisis are assessed. It is shown how the COVID-19 crisis has affected the digital transformation of economic systems, and how digital transformation helps to increase the resilience of national economies so that the latter can emerge from the crisis even stronger.

Keywords

complex economic systems, COVID-19 pandemic, crisis, resilience, digital transformation.

URL

http://paper.ijcsns.org/07_book/202207/20220722.pdf