IDEAS home Printed from https://ideas.repec.org/a/aes/amfeco/v25y2023is17p950.html
   My bibliography  Save this article

The Sustainability of Digital Networks and Globalisation, the Key to Resilience?

Author

Listed:
  • Emilia Titan

    (Bucharest University of Economic Studies, Romania)

  • Simona-Andreea Apostu

    (Bucharest University of Economic Studies, Romania)

  • Mihaela Mihai

    (Bucharest University of Economic Studies, Romania)

  • Dorel Paraschiv

    (Bucharest University of Economic Studies, Romania)

  • Daniela Manea

    (Bucharest University of Economic Studies, Romania)

Abstract

Rethinking the concept of resilience in the post-pandemic period is urgently needed considering an uncertain and unpredictable future. To identify the necessary solutions for the recovery of the economy, the involvement of all actors in the socio-economic and political environment is vital. Consolidating regional development, intensifying global cooperation, and developing sustainable business models in the field of digital entrepreneurship are necessary pillars in revitalising the economy and creating a sustainable economy. In this context, using data for the countries of the European Union, it was shown, using statistical methods of multivariate analysis, that globalisation and digitalisation are necessary to achieve resilience. Thus, new opportunities are opening up for creating development strategies that can prepare socio-economic systems for future shocks and uncertainties.

Suggested Citation

  • Emilia Titan & Simona-Andreea Apostu & Mihaela Mihai & Dorel Paraschiv & Daniela Manea, 2023. "The Sustainability of Digital Networks and Globalisation, the Key to Resilience?," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 25(S17), pages 950-950, November.
  • Handle: RePEc:aes:amfeco:v:25:y:2023:i:s17:p:950
    as

    Download full text from publisher

    File URL: http://www.amfiteatrueconomic.ro/temp/Article_3249.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jianxi Gao & Baruch Barzel & Albert-László Barabási, 2016. "Erratum: Universal resilience patterns in complex networks," Nature, Nature, vol. 536(7615), pages 238-238, August.
    2. Lars Håkanson & Douglas Dow, 2012. "Markets and Networks in International Trade: On the Role of Distances in Globalization," Management International Review, Springer, vol. 52(6), pages 761-789, December.
    3. Chengyi Tu & Samir Suweis & Paolo D’Odorico, 2019. "Impact of globalization on the resilience and sustainability of natural resources," Nature Sustainability, Nature, vol. 2(4), pages 283-289, April.
    4. Muñoz, Pablo & Naudé, Wim & Williams, Nick & Williams, Trenton & Frías, Rodrigo, 2020. "Reorienting entrepreneurial support infrastructure to tackle a social crisis: A rapid response," Journal of Business Venturing Insights, Elsevier, vol. 14(C).
    5. Silva, Diego S. & Yamashita, Gabrielli Harumi & Cortimiglia, Marcelo Nogueira & Brust-Renck, Priscila G. & ten Caten, Carla Schwengber, 2022. "Are we ready to assess digital readiness? Exploring digital implications for social progress from the Network Readiness Index," Technology in Society, Elsevier, vol. 68(C).
    6. Jianxi Gao & Xueming Liu & Daqing Li & Shlomo Havlin, 2015. "Recent Progress on the Resilience of Complex Networks," Energies, MDPI, vol. 8(10), pages 1-24, October.
    7. Marta-Christina Suciu & Adrian Petre, 2021. "Cluster Analysis of Regional Competitiveness in the European Union and the Role of ICT," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 24(82), pages 2-11, December,.
    8. Laura E. Grube & Virgil Henry Storr, 2018. "Embedded entrepreneurs and post-disaster community recovery," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 30(7-8), pages 800-821, August.
    9. Ali Kharrazi & Elena Rovenskaya & Brian D Fath, 2017. "Network structure impacts global commodity trade growth and resilience," PLOS ONE, Public Library of Science, vol. 12(2), pages 1-13, February.
    10. Ayala, Juan-Carlos & Manzano, Guadalupe, 2014. "The resilience of the entrepreneur. Influence on the success of the business. A longitudinal analysis," Journal of Economic Psychology, Elsevier, vol. 42(C), pages 126-135.
    11. Jianxi Gao & Baruch Barzel & Albert-László Barabási, 2016. "Universal resilience patterns in complex networks," Nature, Nature, vol. 530(7590), pages 307-312, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chen, Aimin & Wang, Pei & Zhou, Tianshou & Tian, Tianhai, 2022. "Balance of positive and negative regulation for trade-off between efficiency and resilience of high-dimensional networks," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 603(C).
    2. Tu, Chengyi & Luo, Jianhong & Fan, Ying & Pan, Xuwei, 2023. "Dimensionality reduction in stochastic complex dynamical networks," Chaos, Solitons & Fractals, Elsevier, vol. 175(P1).
    3. Chao, Xiangrui & Ran, Qin & Chen, Jia & Li, Tie & Qian, Qian & Ergu, Daji, 2022. "Regulatory technology (Reg-Tech) in financial stability supervision: Taxonomy, key methods, applications and future directions," International Review of Financial Analysis, Elsevier, vol. 80(C).
    4. Tao Wu & Xiangyun Gao & Feng An & Xiaotian Sun & Haizhong An & Zhen Su & Shraddha Gupta & Jianxi Gao & Jürgen Kurths, 2024. "Predicting multiple observations in complex systems through low-dimensional embeddings," Nature Communications, Nature, vol. 15(1), pages 1-12, December.
    5. Kuhn, Moritz & Luo, Jinfeng & Manovskii, Iourii & Qiu, Xincheng, 2023. "Coordinated firm-level work processes and macroeconomic resilience," Journal of Monetary Economics, Elsevier, vol. 137(C), pages 107-127.
    6. Roy Cerqueti & Giulia Rotundo, 2023. "The weighted cross-shareholding complex network: a copula approach to concentration and control in financial markets," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 18(2), pages 213-232, April.
    7. Duan, Wenqi & Li, Chen, 2023. "Be alert to dangers: Collapse and avoidance strategies of platform ecosystems," Journal of Business Research, Elsevier, vol. 162(C).
    8. Macias Torres, M. & Naranjo Mayorga, F., 2022. "Characterization of resilience in Aedes aegypti mosquito networks," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 596(C).
    9. Duan, Dongli & Wu, Xixi & Bai, Xue & Yan, Qi & Lv, Changchun & Bian, Genqing, 2022. "Dimensionality reduction method of dynamic networks for evolutionary mechanism of neuronal systems," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 599(C).
    10. Xuehua Han & Liang Wang & Dandan Xu & He Wei & Xinghua Zhang & Xiaodong Zhang, 2022. "Research Progress and Framework Construction of Urban Resilience Computational Simulation," Sustainability, MDPI, vol. 14(19), pages 1-15, September.
    11. Lv, Changchun & Yuan, Ziwei & Si, Shubin & Duan, Dongli, 2021. "Robustness of scale-free networks with dynamical behavior against multi-node perturbation," Chaos, Solitons & Fractals, Elsevier, vol. 152(C).
    12. Lyu, Wenjing & Liu, Jin, 2021. "Artificial Intelligence and emerging digital technologies in the energy sector," Applied Energy, Elsevier, vol. 303(C).
    13. Liu, Siyuan & Zhang, Chunyan & Li, Kun & Zhang, Jianlei, 2022. "Exploring the inducement for social dilemma and cooperation promotion mechanisms in structured populations," Chaos, Solitons & Fractals, Elsevier, vol. 157(C).
    14. Dongli, Duan & Chengxing, Wu & Yuchen, Zhai & Changchun, Lv & Ning, Wang, 2022. "Coexistence mechanism of alien species and local ecosystem based on network dimensionality reduction method," Chaos, Solitons & Fractals, Elsevier, vol. 159(C).
    15. Liang, Zhenglin & Li, Yan-Fu, 2023. "Holistic Resilience and Reliability Measures for Cellular Telecommunication Networks," Reliability Engineering and System Safety, Elsevier, vol. 237(C).
    16. Abedi, Amin & Gaudard, Ludovic & Romerio, Franco, 2019. "Review of major approaches to analyze vulnerability in power system," Reliability Engineering and System Safety, Elsevier, vol. 183(C), pages 153-172.
    17. Alejandro Martínez-Calvo & Matthew D. Biviano & Anneline H. Christensen & Eleni Katifori & Kaare H. Jensen & Miguel Ruiz-García, 2024. "The fluidic memristor as a collective phenomenon in elastohydrodynamic networks," Nature Communications, Nature, vol. 15(1), pages 1-11, December.
    18. Kovács, Olivér, 2024. "A reziliencia metamorfózisa [The metamorphosis of resilience]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(4), pages 408-443.
    19. Nikko Torres Ner & Seth Asare Okyere & Matthew Abunyewah & Louis Kusi Frimpong & Michihiro Kita, 2023. "The Resilience of a Resettled Flood-Prone Community: An Application of the RABIT Framework in Pasig City, Metro Manila," Sustainability, MDPI, vol. 15(8), pages 1-23, April.
    20. Lv, Changchun & Yuan, Ziwei & Si, Shubin & Duan, Dongli & Yao, Shirui, 2022. "Cascading failure in networks with dynamical behavior against multi-node removal," Chaos, Solitons & Fractals, Elsevier, vol. 160(C).

    More about this item

    Keywords

    resilience; globalisation; digitalisation; networks; sustainability; multivariate analysis;
    All these keywords.

    JEL classification:

    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aes:amfeco:v:25:y:2023:i:s17:p:950. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Valentin Dumitru (email available below). General contact details of provider: https://edirc.repec.org/data/aseeero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.