Exploring the Convergence of Resilience Processes and Sustainable Outcomes in Post-COVID, Post-Glasgow Economies

Abstract

Resilience and sustainability have each offered a path forward for post-COVID economic recovery and a post-Glasgow global financial order. Yet, the relationships between these two concepts are largely unexplored in economic policy and investment strategies. In light of emerging systemic risks and global demands for more resolute investments in resilience and sustainability, this perspective article took the position that policymakers must begin to draw greater conceptual, empirical, and practical linkages between sustainability and resilience. This perspective article provided a simplified framework for understanding the positively reinforcing, negatively conflicting, and neutral relationships between different types of resilience and sustainability consistent with two propositions. The Reinforcement Proposition argues (i) that various resilience processes may drive sustainable outcomes, and/or (ii) that an allocation of sustainable resources may reinforce resilience processes, as well as the transformative adaptation of markets. Conversely, the Conflict Proposition argues (i) that certain resilience processes may perpetuate stability features that may thwart an economic transition toward sustainability, and/or (ii) that certain sustainability outcomes associated with reorganized economic structures and relationships may undermine resources for resilience. This framework provides policymakers with an opportunity to evaluate the convergent and conflicting trade-offs of resilience processes and sustainable outcomes.

Exploring Sentiment Analysis of Sustainable Finance Initiatives

“…A solution that is related to the level of disclosures would be to improve the information that is available to the market in such a way that it would become mandatory to disseminate widely available data on sustainability. In addition to this, it will be required to raise awareness among market participants about the significance of sustainability and its consequences in assessing the performance of businesses (Keenan et al, 2021).…”

“…Sustainable finance presents a novel opportunity for maximizing financial returns by capitalizing on social advancement. Moreover, sustainable finance represents the intrinsic goal of prosocial decision-makers, in addition to functioning as a means of financial development for prominent sustainability supporters (Keenan et al, 2021). The benefits of utilizing sustainable finance applications extend beyond those that are environmentally beneficial.…”

Balancing climate resilience and adaptation for Caribbean Small Island Developing States (SIDS) : building institutional capacity

“…Because governments make their investment plans in 3-5 year time horizons, large-scale resilience and adaptation benefits may not have enough time to accrue economic and political benefits for the government that implemented them. Investments in long-term adaptation that seek to bounce forward are even more economically constrained because the costs of transformative adaptation are often spread-in disruptive terms-to a narrow section of the economy that bears the burden of the transition (Keenan et al, 2021). The lack of mainstreaming resilience and adaptation into institutional context, particularly from local experiences, is a fundamental limitation for resourcing both RBI and RBD.…”

Modeling Spatio-Temporal Divergence in Land Vulnerability to Desertification with Local Regressions

“…The 'convergence' issue has become popular in political analysis because it is commonly seen as a target for policy strategies addressing, both directly and indirectly, the reduction of territorial gaps and the promotion of a long-term (and spatially sustainable) economic growth, promoting resilience of local systems [16,17]. At the same time, this concept has been applied in social science when addressing the intrinsic relationship between sociodemographic phenomena and institutional mechanisms having a strict linkage with policy regulation mechanisms, as in the case of identifying a welfare regime in advanced economies [18][19][20].…”