The Application of Resilience Concept in the Regional Development Context

AbstractEconomies have always been prone to different kinds of shocks: economic downturn, industry shocks, currency crises, which can destabilize the path and pattern of regional economic growth. Regional economies are suffered from this disturbance, which consequences could be continued for a long time. The question why one region is more vulnerable to economic shock than other, impelled to analyze resilience notion in regional development context. Often used in engineering and ecological sciences, the notion of resilience is rapidly becoming part of the conceptual and analytical lexicon of regional economic studies. There is no universally agreed definition of regional resilience, as well as there is yet no theory of regional resilience as such. In this paper the multidimensional aspects of regional resilience notion will be revealed as well as proved the resilience is a dynamic feature insured regional uninterrupted development or fast enough recovery after economic shock occurred. The main purpose of the paper is to identify the specific aspects of resilience notion used in the regional development context. Based on systematic and comparative analysis of scientific literature comprehensive analysis of regional resilience is performed; regional resilience process and outcome framework is developed, structural dimensions of regional resilience is identified; regional resilience capacity building factors are presented