Resiliency Makes Businesses and Countries More Competitive
In today’s globally interconnected economy, the intersection between business and policy is more important than ever. Governments, corporations, and civil society organizations engage with each other like never before, producing sustainable arrangements to promote growth in emerging markets, and pooling resources and know-how to address and mitigate financial crises and shocks. The most resilient countries and businesses are those who understand this reality, and are equipped to measure, avoid, and manage all risk types, whether they be natural disasters, resource scarcity, pandemics, population displacement, political or economic instability, or disruptive technological changes. The World Bank Development Report (WDR) 2017 highlighted the fact that job creation and a stable market occurs not simply because of economic growth, but because a country encounters fewer episodes in which crisis or conflict damages its economy or prevents essential capital and expertise from reaching its local markets.
Identifying “points of intersection” between public and private sector interests in these regions enables a productive dialogue to identify and implement sustainable, longer-term solutions to developmental challenges, crises, and disruptive events. Ideally, Governments and other public organizations provide the services, security, and institutions…
