Resilience is most often defined as the ability of individuals, communities and states and their institutions to absorb and recover from shocks, whilst positively adapting and transforming their structures and means for living in the face of long-term changes and uncertainty.
Research shows that we should not expect individuals to deal with catastrophic risks, such as major natural disasters, by themselves. Equally, the analysis discourages government policy that aims to remove all risk from individuals and communities, as evidence, particularly in the agricultural sector, shows that this creates perverse incentives and can encourage overly risky behaviour. Instead we need a more holistic risk management approach that focuses on both the interactions between different types of risks, and between the strategies designed to manage those risks.
How can we do this?
By building the policies, strategies and tools that empower individuals, communities and states to effectively manage their own layer of risk.