ECONOMIC RESILIENCE - NOVELTY IN THE PROCESS OF PEACEFUL SETTLEMENT OF INTERNATIONAL DISPUTES

Ioan Popa () and Assist. Diana Ramona Popescu Ph. D Student
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Assist. Diana Ramona Popescu Ph. D Student: Bucharest Academy of Economic Studies, Faculty of International Business and Economics, Romania

Revista Tinerilor Economisti (The Young Economists Journal), 2015, vol. 1, issue 25, 91-100

Abstract: Globalization has reached the level to which the 21 century society is characterized by the information age, technology innovation, economic, political and strategic interdependences, the establishment of regional and global organizations that have interconnected states.The new world laid a new geo-economic approach, in which the state’s economic decisions depend on the regional and global economic system. The economic, social and security risks and vulnerabilities have become increasingly complex, requiring the need to analyze and implement a new paradigm of peaceful settlement in international conflicts. This article proposes, based on the primacy of the economic factor, a new systemic approach of prevention and conflict resolution, using a relatively new concept, that of economic resilience.The present article creates an overview of the concept by terminological identification of the term and includes a qualitative research that can give grounds for its implementation on the practical level.

Keywords: economic resilience; risk; conflict; economic vulnerability; globalization; economic system (search for similar items in EconPapers)
JEL-codes: F02 F63 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:aio:rteyej:v:1:y:2015:i:25:p:91-100

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