earticle

영어

Since COVID-19 started to spread worldwide, in the first half of 2020, many countries have taken a huge economic hit. Still, as vaccination began in late 2020 and early 2021, individuals, firms, and governments were able to resume their normal economic activities like the days before the spread of COVID-19. Thus, the Jeju Peace Institute created the Economic Performance Index (EPI) and Economic Resilience Index (ERI) to measure and rank which countries were able to rebound and recover swiftly or which countries are struggling to recover from the economic recession caused by COVID-19. Today, resilience is a concept that is receiving worldwide attention from those who have suffered from the spread of COVID-19. However, to design and implement policies to enhance countries’ resiliency, we need first to measure it objectively. In this sense, we hope our research will serve as a basis for attempts to measure economic resilience more objectively and precisely in the future.