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Economic Resilience - Novelty In The Process Of Peaceful Settlement Of International Disputes

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Listed:
  • Prof. Ph. D Ioan Popa

    (Bucharest Academy of Economic Studies, Faculty of International Business and Economics, Romania)

  • Assist. Diana Ramona Popescu Ph. D Student

    (Bucharest Academy of Economic Studies, Faculty of International Business and Economics, Romania)

Abstract

Globalization has reached the level to which the 21 century society is characterized by the information age, technology innovation, economic, political and strategic interdependences, the establishment of regional and global organizations that have interconnected states.The new world laid a new geo-economic approach, in which the state’s economic decisions depend on the regional and global economic system. The economic, social and security risks and vulnerabilities have become increasingly complex, requiring the need to analyze and implement a new paradigm of peaceful settlement in international conflicts. This article proposes, based on the primacy of the economic factor, a new systemic approach of prevention and conflict resolution, using a relatively new concept, that of economic resilience.The present article creates an overview of the concept by terminological identification of the term and includes a qualitative research that can give grounds for its implementation on the practical level.

Suggested Citation

  • Prof. Ph. D Ioan Popa & Assist. Diana Ramona Popescu Ph. D Student, 2015. "Economic Resilience - Novelty In The Process Of Peaceful Settlement Of International Disputes," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(25), pages 91-100, NOVEMBER.
    • Handle: RePEc:aio:rteyej:v:1:y:2015:i:25:p:91-100
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    References listed on IDEAS

    as
    1. Lino Briguglio & Gordon Cordina & Nadia Farrugia & Stephanie Vella, 2009. "Economic Vulnerability and Resilience: Concepts and Measurements," Oxford Development Studies, Taylor & Francis Journals, vol. 37(3), pages 229-247.
    2. Ron Martin, 2012. "Regional economic resilience, hysteresis and recessionary shocks," Journal of Economic Geography, Oxford University Press, vol. 12(1), pages 1-32, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    economic resilience; risk; conflict; economic vulnerability; globalization; economic system;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development

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