Overview
Economic resilience is essential for communities to withstand and recover from various shocks, such as natural disasters or economic downturns. By implementing effective adaptation strategies, economies can not only survive but thrive in the face of challenges. Understanding the types of shocks and ...
Key Terms
Example: A city that quickly rebuilds after a hurricane shows economic resilience.
Example: Investing in infrastructure to withstand floods is an adaptation strategy.
Example: A sudden spike in oil prices can be an economic shock.
Example: Using renewable energy sources promotes sustainability.
Example: Disaster recovery plans help communities bounce back after earthquakes.
Example: A policy framework for climate change can guide adaptation strategies.