The effects of the coronavirus crisis will leave an economic legacy long after the virus has passed its peak. How governments respond now will determine the health of our communities for a generation to come. Whilst the Coronavirus [...]
A contested theme in economic resilience is the positive and negative effects of firms that are embedded (or grounded) in their local economy versus those that are more footloose. In this article we ask whether the size or ownership [...]
Resilience is often described as a series of stages. In practice, policy-makers recognise four stages in a resilience-cycle. However, the dynamic nature of resilience means that these stages may overlap as an economy experiences multiple shocks over time. [...]
Economic resilience has been described as a fuzzy concept. Asking some simple questions, such as the resilience of what, to what and for whom can help to bring clarity. This will help policy-makers determine what path they should chart [...]
The failure of MG Rover and the closure of the Longbridge Car Plant in 2005 dealt a major blow to the economy of the West Midlands. What lessons can we learn from this for promoting resilience to sudden economic [...]
In this article we consider whether the role of economic diversity in the resilience of an economy. Whilst the evidence is mixed it seems that the Goldilocks principle – neither too much diversity nor too little – is the [...]
Public response to the coronavirus pandemic forcefully demonstrates the collective power of individual agency. The experience of the early weeks of the pandemic illustrates how government does not always lead in the way that resilience thinking often presumes. [...]
The ability of local and regional economies to withstand and recover from economic shocks came under intense scrutiny during the financial crisis of 2008/2009. One study, led by Cardiff University, compared levels of regional economic resilience across the whole [...]