Sustainable Economic Resilience in an Era of Global Uncertainty: Challenges, Innovations, and Policy Responses

Abstract

The present study highlights the subject of sustainable economic resilience in the backdrop of growing global uncertainty in the form of both challenges and innovations, and what policies can do for long-term economic stability. The development and impact of an economic crisis driven by factors such as climate change, geopolitical tensions, inflation, and supply chain disruptions on economic sustainability and resilience are studied. Primary data is collected through a quantitative research design with 300 respondents comprising of policy makers, academicians, economists and businessmen. The relationships between the variables were analyzed using statistical tools. The findings show that the economic resilience is vastly improved by sustainable innovations like provisions for digital transformation, green technologies, and switching to renewable energies, waste reduction and recycling. Additionally, it was found that effective government policies, sustainable finance mechanisms, and institutional support can also have a positive affect on resilience and adaptive capacity. The study's findings show that a truly sustainable approach is a requisite to sustain economic security and inclusive growth in the face of the uncertainties of today and tomorrow..