gretty

What is the most resilient economy and why?

By resilient I mean that when new technological advances occur that bring on new ages such as the industrial age or the information age, which economy is best able to adapt and capitalise on these new advances to maintain global competiveness? Especially consider conditions such as the country where the technological advance occurs is automatically given the advantage because the advance becomes a state owned patent and has some sort of control over the exporting of the tech, therefore whilst in the 20th century the internet was created in America (i think?) they have the advantage on capitalising it, but if it had been created in Japan would America had been able to capitalise on it as well as it did? Please dont let this turn into a America tauting post, I dont mind if you back up it with evidence though, especially consider that China will become the new America of the 21st century and how America will compete.

In my opinion Germany seems to be the most resilient economy. Factors to be so include, its high demmand for business and service efficiency and product quality makes it a strong and highly regarded country to do business with. Also given that it has been devasted by 2 great wars and is able to rebuild itself to world class status in economics.

Wheeldog

Ultimately, the most resilient economy is a basic subsistence agricultural or simple hunting and gathering economy. Resilience implies an ability to quickly recover from impacts and survive adversity. The problem with modern technological economies is that they are heavily reliant on a complex system of extracting non-renewable resources and converting them into products that are often quickly consumed or otherwise destroyed. It is a one-way process that ultimately uses up its base.

Subsistence farming, herding, hunting, fishing and gathering are based on utilizing renewable resources. So long as the resource base is not overused and allowed to regenerate, a true subsistence economy can continue indefinitely. It will go through ups and downs, but groups which practice subsistence lifestyles have out lived great empires.