Abstract
The paper is focused on the conceptual framework of economic resilience and vulnerability at national level taking into consideration both external and internal factors (shocks) including the countries’ dimensional peculiarities. A special attention is paid to the resilience and vulnerability ratio of a country and to the importance of the magnitude of economic and social competitivity indices in an international comparative context for Romania.
The economic science of sustainability and complexity added a new component, economic resilience (ER) which means identifying the ways and manners of solving the issues related to increasing the capacity of averting or recovering the negative effects of external shocks. In other words, ER deals with diminishing the probability of failure or of economic risks presupposing approaches that are combined analytically and predictably, both ex-post and ex-ante.
Concluding remarks
-Economic resilience (R) and vulnerability (V) are complex and interrelated categories, able to recover from external shocks and the exposure to adverse event respectively;
- R and V metrics need special complex quantitative and qualitative approaches aiming at constructing of composite indices at national, regional and microlevels;
-“Brisbane Action Plan” for developping a comprehensive growth strategy presented at the Brisbane Summit in 2014 aims at improving the ways to strengthen economic growth and resilience, at immunizing against adverse events and shocks, at global and local levels;
