BUILDING RESILIENCE FOR
INCLUSIVE & SUSTAINABLE FUTURE
The economic crisis that has swept across the global economy since 2008 has had significant implications for regional, national and local economies. It is clear that the global economic crisis has had an uneven impact internationally. This raises questions as to the resilience of different regional, national and local economies in the face of economic crisis. We have seen a series of shocks globally that require complex interventions cutting across each level of society. Financial shocks, oil price shocks, climate shocks, social unrest and international conflicts are becoming more common, affecting all people around the world.
The impacts have spread to all societies and have resulted in slowing down global economic growth. We have seen a continuous deep fall in oil prices which has forced many major oil companies to cut production and to lay off thousands of workers, and the governments of oil-producing countries to slash their public expenditures. More people become unemployed and governments are struggling to manage within their budget constraints.
We have seen for the first time in human history the back-to-back hottest years recorded. Global warming is real but not many significant actions have been undertaken to mitigate the problem. We have seen the birth of a terrorist state apparatus in the Middle East which eventually lead to the displacement of millions of people, giving rise to a problem for other countries in the form of a large influx of refugees. Worst of all, extremist and radical ideologies are now gaining more support and building the momentum to destabilize society.
The question is, can we absorb this kind of shocks and continue to function as a society? Why is it so important to strengthen our resilience in order to achieve an inclusive and sustainable future? Pangkor Dialogue 2016 will explore the challenges and what it takes to build a resilient society, as well as the connections with an inclusive and sustainable future.