Resilience

The COVID-19 pandemic and the prospect of increasingly frequent and more intense natural and man-made disasters raise important questions about the resilience of the global economy to such shocks. The 2021 edition of the WTO's World Trade Report examines why the interconnected global trading system is both vulnerable and resilient to crises, how it can help countries to be more economically resilient to shocks, and what can be done to make the system better prepared and more resilient in the future.

Opinion of the European Economic and Social Committee on the Communication from the Commission to the European Parliament and the Council – 2020 Strategic Foresight Report – Strategic foresight – Charting the course towards a more resilient Europe

In immediate responses to the COVID-19 crisis, science and innovation are playing essential roles in providing a better scientific understanding of the virus, as well as in the development of vaccines, treatments and diagnostics. Both the public and private sectors have poured billions of dollars into these efforts, accompanied by unprecedented levels of global cooperation. However, the economic crisis that is currently unfolding is expected to severely curtail research and innovation expenditures in firms, while debt-laden governments will face multiple, competing demands for financial support. These developments threaten to cause long-term damage to innovation systems at a time when science and innovation are most needed to deal with the climate emergency, meet the Sustainable Development Goals, and accelerate the digital transformation. Governments will need to take measures to protect their innovation systems as part of their stimulus and recovery packages, but should also use these as opportunities for reforms. In particular, science, technology and innovation (STI) policy should shift towards supporting a more ambitious agenda of system transformation that promotes a managed transition to more sustainable, equitable and resilient futures.

As well as introducing new decisions and actions in the field of security and defence, the EU Global Strategy (EUGS) stresses the imperative to build resilience in the EU neighbouring countries and surrounding regions.
As the EUGS approaches its first anniversary, and shortly before the release of a Joint Communication on resilience by the EEAS and the Commission, this volume, the second in the EUISS post-EUGS series, seeks to shed more light on the different definitions of the concept and how these may be applied in specific functional and geographic areas. It aims to clarify not only the meaning of the term but also its policy implications in the wider security context, showing how resilience needs be understood as a dynamic process involving a number of EU policies, external partners and local players.

The challenge of resilience in a globalised world discusses the concept of resilience from different perspectives and the role of science in the continuous process of building a resilient, stable, competitive and prosperous Europe.

Resilience is a fundamental prerequisite for Europe as the largest integrated economic area in the world and has an important social dimension which requires the active cooperation of all stakeholders; citizens, the private sector, governments and NGOs included.