The Human Foundation of Economic Resilience
While financial systems and digital infrastructure form critical components of economic resilience, the ultimate foundation lies in human capital—the knowledge, skills, and capabilities of a population. Economies with robust human capital demonstrate greater adaptability to technological disruption, market shifts, and external shocks.
The relationship between human capital and resilience operates through multiple channels: a skilled workforce adapts more readily to changing conditions, generates innovative solutions to emerging challenges, and maintains productivity even during disruptions. Additionally, broad-based investment in human capabilities creates economic inclusivity that enhances social cohesion during difficult periods.