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Are Eu Member States Resilient To New Crises?

Author

Listed:
  • Ion POPA
  • Ana Alexandra OLARIU
  • Andreea BREAZU
  • Cristian Bogdan NICA

Abstract

In the contemporary landscape of global challenges and uncertainties, the significance of national resilience stands as a cornerstone for a country's ability to effectively respond to crises, maintain stability, and secure the well-being of its citizens. This study sought to assess the resilience levels of European Union (EU) countries in the aftermath of the Covid-19 crisis, through the analysis of secondary data. The investigation incorporated the FM Global Resilience Index, comprising three key indicators—economic resilience, risk quality, and supply chain resilience. To achieve the research objectives, a Two-Step Cluster Analysis and One-Way ANOVA were conducted using the SPSS statistical software. The study outcomes delineated three clusters characterizing the resilience levels of European Union countries. Notably, Denmark emerged as the most resilient country, succeeded by Luxembourg and Germany. Romania, in this context, occupies the 22nd position in the ranking. The study's implications go beyond shaping post-Covid-19 resilience policies in European Union countries, and also provide valuable insights for the specialized literature on the subject. This dual impact underscores the study's significance in both practical policymaking and academic discourse

Suggested Citation

  • Ion POPA & Ana Alexandra OLARIU & Andreea BREAZU & Cristian Bogdan NICA, 2023. "Are Eu Member States Resilient To New Crises?," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 17(1), pages 319-329, November.
    • Handle: RePEc:rom:mancon:v:17:y:2023:i:1:p:319-329
    DOI: 10.24818/IMC/2023/02.10
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