Resilience in the shadow of systemic risks

Abstract

Systemic risks possess a high level of complexity and uncertainty that can be latent behind the veil of initial stress of possible disasters. They refer to, on the one hand, the functionality of interconnected systems and, on the other hand, the probability of indirect losses which can propagate through larger territories. Once considering the solid definition of resilience by the United Nations, the emphasis tends on systems’ ability to different facets of disturbance rather than the performance of the sum of each singular entity confronting the main shock. This paper aims to provide a broader perspective and a systematic review focusing on the commons of resilience and systemic risks in the frame of risk mitigation. The outcomes highlight the urgency of multidisciplinary actions, which have not been achieved yet since the 1999s earthquakes.

Keywords

• systemic risks
• resilience
• planning
• development
• disaster migitation