A systemic resilience approach to dealing with COVID-19 and future shocks

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september, 2020

24sep8:00 am9:00 amVirtual EventA systemic resilience approach to dealing with COVID-19 and future shocks8:00 am - 9:00 am BST Event Type :Nominated Speakers

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Policy questions are often framed in popular discussion as situations where pulling the right levers will get the economy and society back on track after shocks and crises. This approach ignores how systems interact and how their systemic properties shape socioeconomic outcomes, leading to an over-emphasis on a limited set of characteristics, notably efficiency. This has brought much of the world to rely upon complex, nested, and interconnected systems to deliver goods and services around the globe. While this approach has many benefits, the Covid-19 crisis shows how it has also reduced the resilience of key systems to shocks, and allowed failures to cascade from one system to others.

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William Hynes

Show bio +William Hynes is the Head of the New Approaches to Economic Challenges Unit (NAEC) which provides a space to question traditional economic ideas and offer new economic narratives, new tools, methods and policy approaches. He previously acted as a Senior Economist in the Office of the Secretary General, an Advisor in the Sherpa and Global Governance Unit, an Economist in the Development Co-operation Directorate and an Economic Affairs Officer at the World Trade Organisation. William is an Associate Fellow and has acted as an Adjunct Professor of International Economics at the Johns Hopkins University School of Advanced International Studies, has a doctorate from Oxford University and was a Marie Curie Fellow at the London School of Economics.

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