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A Systemic Recovery

image of A Systemic Recovery

New economic thinking and acting through a systemic approach could outline policy alternatives to tackle the global-scale systemic challenges of financial, economic, social and environmental emergencies, and help steer our recovery out of the current crisis. A systemic recovery requires an economic approach that balances several factors – markets and states, efficiency and resilience, growth and sustainability, national and global stability, short-term emergency measures and long-term structural change. To achieve this, we need to think beyond our policy silos, comprehend our interconnections, and build resilience into our systems.

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Conclusion: System Threats Should Not Mean Systemic Collapse

This chapter summarises the main conclusions of preceding chapters on the characteristics of the systemic threats facing society and how to deal with them. It notes a shift in thinking among decision makers towards some of the positions argued for by this publication’s authors, notably the need to build resilience into important systems; to pay attention to the human aspects of crises, notably the psychological aspects; and the advantages of a systems approach in identifying and prioritising areas of intervention. The chapter looks in particular at health, employment, global value chains, inequality, and the environment.

English

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