The resilience of economics and the economics of resilience
نویسندگان
چکیده
Resilience as a category of mechanics means an ability elastic bodies to restore their shape after mechanical pressure. Against the background SARS Covid-19 pandemic and other global cataclysms, concept resilience stress resistance is gaining more popularity in economic science. It even about paradigmatic change Industry 4.0 5.0, characteristic economical for which should be significant, while industry itself given role necessary transformations’ driver. A fairly widespread version economy ecosystem, business society cope with shocks continue function approximately same way. The mission this work, its purpose specify needs industrialists. resilience, by very name, allusion Hooke's law, also called law elasticity. Any force applied body causes (body) deformation, size which, according depends on inherent rigidity body. As long deformations grow linearly (in proportion effort), retains elasticity returns original dimensions load removed. This happens until does not exceed limit proportionality, beyond elongation sample occurs without increasing subsequent destruction task maintaining thus, comes down knowing nature development specific material – enterprise, region, national preventing loading "sample" level proportionality. Thus, it makes sense accept that each company has own ‘rigidity’ ‘deformations’ state. Each production function, case using Cobb-Douglas model, dependence output labor capital costs. structure determines functioning. long-term impact adverse forces leads only reduction production, but closing facilities, dismissal personnel, further decline vicious circle up liquidation due complete economic/commercial impracticality existence. Using example cumulative cost curve metallurgical coal exporters, proved any micro-, meso- or macroeconomy combination natural (quality deposit, example), geographical (proximity ports, railway connections etc.), technological factors political situation. paradigm 5.0 fundamentally distinguished another "assembly point" transition from neoliberal model capitalism, "primacy shareholders" goal maximizing profit, based principles ESG (from Environmental, Social, Corporate Governance). second main point desire achieve greatest autonomy structures. noted points can significantly influence practice enterprises regions terms ensuring resilience.
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ژورنال
عنوان ژورنال: Economy of Industry
سال: 2023
ISSN: ['1562-109X', '2306-532X']
DOI: https://doi.org/10.15407/econindustry2023.01.031