Global Economic Dynamics and Economic Resilience in the 2018–2022 Period
DOI:
https://doi.org/10.54518/ibr.1.2.2023.1213Keywords:
Digitalization Economy, Economic Resilience, Globalization, Investment, International TradeAbstract
This study aims to analyze global economic dynamics and their influence on economic resilience during the 2018–2022 period. The research employed a literature study method with a descriptive qualitative approach through the collection of data from scientific journals, books, international reports, and various relevant academic sources. The findings indicate that global economic dynamics were influenced by international trade, digital economic transformation, the COVID-19 pandemic, investment, and business sector resilience. International trade conflicts and increasing protectionist policies caused a slowdown in economic growth and increased uncertainty in global markets. In addition, the COVID-19 pandemic significantly affected production activities, consumption, investment, and international trade. On the other hand, the development of the digital economy created opportunities to improve economic efficiency and expand market access through digital technology utilization. The study also demonstrates that micro, small, and medium enterprises played an important role in maintaining economic stability through business innovation and adaptability to changing economic conditions. Therefore, adaptive and innovative economic strategies oriented toward strengthening economic resilience are needed to maintain sustainable economic stability.
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