Integrated Markets and Triggering Socio-Economic Dimensions

Economies and societies face a multifarious array of risks and opportunities. Some acute shocks may be challenging to predict while others may be the result of the chronic build-up of vulnerabilities such as the impacts of climate change or imbalances and distortions in markets both of which are shaped by policy and regulatory choices. Building resilience across our economies as a whole calls for a systemic policy approach to prevent the build-up of vulnerabilities and reduce exposure to shocks; to absorb shocks when they do occur; and to recover rapidly and sustainably from these shocks through adaptation and transformation. Addressing these challenges alongside heightened ambitious efforts to tackle climate change and social inequalities is essential to improve economic resilience but also to rebuild trust in governance structures institutions and evidence itself.