Journal of Resilient Economies (ISSN: 2653-1917)
https://journals.jcu.edu.au/jre
<p>Building a resilient and sustainable economy requires a multifaceted approach that acknowledges the intertwined nature of economic resilience and sustainability. This approach includes strategies to mitigate and manage natural disasters, such as natural hazard zoning and emergency preparedness plans, as well as addressing issues related to pandemics and other global health crises through investments in healthcare infrastructure and public health measures. Structural vulnerabilities in the economy, such as income inequality and lack of access to education and training, must also be addressed.</p> <p>To achieve economic resilience and sustainability, policies must support individuals, businesses, and communities in becoming more resilient to external risks and shocks. Continuous monitoring, assessment, and updating of these policies are essential to ensure their effectiveness. The Journal of Resilient Economies (JRE) provides a platform to advance these concepts by offering a multidisciplinary focus and a wide range of perspectives to better understand the challenges of building a resilient economy.</p> <p>JRE is committed to accessibility and inclusivity, operating as a Platinum Open Access journal that does not charge readers or authors for access to its articles. This ensures that research is immediately and permanently available to all. Furthermore, JRE actively contributes to the literature on the connection between the Sustainable Development Goals (SDGs) , particularly SDG8 and economic resilience, aligning with its commitment to the SDGs and promoting sustainable development.</p> <p><strong>Publisher: Who funds this Journal?</strong></p> <p>Publication infrastructure and maintenance of JRE is fully supported by <a href="https://libguides.jcu.edu.au/openaccess/OJS">James Cook University Open Journal Systems (OJS)</a>, driven by the belief that knowledge has the power to change lives, and that research outputs should be freely accessible online, without barriers.</p> <p>JRE aims to make the academic research available:</p> <ul> <li>online</li> <li>immediately</li> <li>without charge</li> <li>free from most copyright or licensing restrictions</li> </ul> <p>Read the complete version of JCU Open Access Policy and related documents <a href="https://libguides.jcu.edu.au/openaccess/open-access-policy">here</a>.</p>James Cook Universityen-USJournal of Resilient Economies (ISSN: 2653-1917) 2653-1917<h3>You are free to:</h3> <ul> <li><strong>Share</strong> — copy and redistribute the material in any medium or format for any purpose, even commercially</li> </ul> <p>Anyone using the work must attribute the work to the original creator. The licence allows copying and distribution of the original work but no adaptations or modified versions of the work may be distributed. </p> <ul> <li><strong>Attribution</strong> — You must give <a id="appropriate_credit_popup" class="helpLink" tabindex="0" title="" href="https://creativecommons.org/licenses/by-nd/4.0/" data-original-title="">appropriate credit</a>, provide a link to the license, and <a id="indicate_changes_popup" class="helpLink" tabindex="0" title="" href="https://creativecommons.org/licenses/by-nd/4.0/" data-original-title="">indicate if changes were made</a>. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.</li> <li><span id="by-more-container"></span><strong>NoDerivatives</strong> — If you <a id="some_kinds_of_mods_popup" class="helpLink" tabindex="0" title="" href="https://creativecommons.org/licenses/by-nd/4.0/" data-original-title="">remix, transform, or build upon</a> the material, you may not distribute the modified material.</li> <li><span id="nd-more-container"></span><strong>No additional restrictions</strong> — You may not apply legal terms or <a id="technological_measures_popup" class="helpLink" tabindex="0" title="" href="https://creativecommons.org/licenses/by-nd/4.0/" data-original-title="">technological measures</a> that legally restrict others from doing anything the license permits.</li> </ul> <div id="deed-conditions" class="row"> </div> <div class="row"> </div> Editorial: Resilience Unveiled
https://journals.jcu.edu.au/jre/article/view/4029
<p class="Abstract" style="text-align: justify;"><span lang="EN-GB" style="font-size: 9.0pt; line-height: 150%;">This editorial introduces the December 2023 edition of the Journal of Resilient Economies, focusing on "Resilience Approaches for Navigating Complex Economic Challenges." Covering diverse themes such as financial literacy, Halal supply chains, socio-ecological resilience, electric vehicles, foreign direct investment, and urban governance, the publication offers unique perspectives. The insights provided in these papers contribute significantly to ongoing discussions on economic resilience, guiding potential future research and policy development.</span></p>Taha Chaiechi
Copyright (c) 2023 Taha Chaiechi
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2023-12-292023-12-293210.25120/jre.3.2.2023.4029Financial Literacy, Credit Decision-Making, and Fintech
https://journals.jcu.edu.au/jre/article/view/4016
<p style="font-weight: 400;">Financial literacy has evolved from basic financial knowledge into competencies to make financial decisions. Financial literacy is also related to credit decisions and business expansion in creating a resilient business in the long run. However, no specific research paper has done a systematic literature review that discusses this term with credit funding decisions to enhance the business. This article provides the latest linked keywords through VOS viewer visualization to help scholars find a research gap for future research in financial literacy and credit funding decisions. The result found four clusters of keywords regarding financial literacy or credit decisions. Despite many studies on this topic, the linked citation discusses SMEs’ performance, the role of financial inclusion in improving shareholder wealth, and fintech usage in improving financial inclusion. The three interconnected ideas provide a future guideline for scholar to find the latest research gap in this topic.</p>Andreas Kiky
Copyright (c) 2023 Andreas Kiky
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2023-12-292023-12-293210.25120/jre.3.2.2023.4016Halal Supply Chain Competencies
https://journals.jcu.edu.au/jre/article/view/4021
<p>The global Halal industry is governed by Islamic ethical principles and dietary laws, which require a specialized workforce equipped with unique competencies (Abderahman et al., 2021). The Halal supply chain's complexity arises from, cultural and religious sensitivities, specific regulatory frameworks, transparency demands, sourcing challenges, logistical intricacies, rigorous certification, consumer preferences, market dynamics, risk management and the need for ongoing innovation. Navigating these multiple complexities is vital for maintaining resilience in the global Halal supply chain whilst meeting consumer expectations.</p> <p>This paper presents a formative framework for human capability development with regard to the Halal supply chain, with a special focus on ensuring its resilience. In recognizing the multifaceted challenges faced by individuals operating in the sector, directly and indirectly, the proposed harmonised framework offers a structured approach to Halal supply chain competency development (De Boni & Forleo, 2019). The framework comprises four key dimensions that deal with aspects of (i) Assurance, (ii) Socio-Cultural and Ethical (iii) Technical and Operational, and (iv) Market-Related. Organizations can potentially employ this framework to design training programs, assess their current capabilities and strategically develop their human resources, thereby ensuring the Halal supply chain can build resilience while delivering high-quality assured products to a global consumer base ensuring sustainable growth and prosperity, without compromising Islamic principles (Yaacob et al., 2018).</p>Adam VoakBrian FairmanHana Catur Wahyuni
Copyright (c) 2023 Adam Voak, Brian Fairman, Hana Catur Wahyuni
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2023-12-292023-12-293210.25120/jre.3.2.2023.4021Socio-Ecological Resilience and Social System in Candirejo Village, Magelang
https://journals.jcu.edu.au/jre/article/view/4014
<p>One of the serious problems faced by the Magelang District in developing villages that have been transformed into rural tourism as an effort to alleviate poverty, is the socio-ecological crisis that threatens the goal of sustainable development. The dilemma of complex rural ecosystems is due to changes in the socio-ecological dimensions resulting from the interaction of material and energy exchanges between humans and their environment. Exploitation of nature in the name of tourism has become one of the short-term solutions for farming communities. As a result, problems such as natural damage to social conflicts occur in the village. This research aims to analyze the causes of the socio-ecological crisis and explore the Social system in Candirejo Village. Magelang Regency. The Social System seen from the perspective of constructivism will be measured and analyzed using three aspects of cybernetic reflection (Luhmann). The method used is case study qualitative research and data is collected through in-depth interviews, FGDs, and observations. The results show that socio-ecological improvements also impact agents of change, extend the tourism season, increase community participation, align the visitor experience with Borobudur's image, and increase equitable access to tourism revenue opportunities, all of which strengthen the socio-ecological field.</p>Candra Yudha SatriyaHermin Indah WahyuniEndang Sulastri
Copyright (c) 2023 Candra Yudha Satriya, Hermin Indah Wahyuni, Endang Sulastri
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2023-12-292023-12-293210.25120/jre.3.2.2023.4014Electric Light Good Vehicles in Singapore
https://journals.jcu.edu.au/jre/article/view/4013
<p class="Abstract" style="text-align: justify;"><span lang="EN-GB" style="font-size: 9.0pt; line-height: 150%;">Research and efforts for implementing electric vehicles (EVs) are rapidly increasing. Most light goods vehicles (LGVs) in Singapore are diesel-propelled internal combustion engine (ICE) vehicles in 2023. However, the number of electric light goods vehicles (eLGVs) is exponentially increasing, indicating a shift towards economically and environmentally resilient options. This study examines the combined economic, environmental, and operational impacts of implementing eLGVs in Singapore, which distinguishes from previous research that analysed each aspect individually. Considering data and inputs from a specific company, lifecycle cost and emissions analyses were conducted comparing EVs and ICE vehicles. In addition, a survey on operations was conducted targeting respondents with eLGVs in their fleet. </span><span lang="EN-GB" style="font-size: 9.0pt; line-height: 150%;">Findings indicate that, in Singapore’s context, eLGVs can potentially reduce costs, and savings grow with vehicle utilisation, assuming battery lasts 10-years with minimal degradation. Regarding the environmental impact, although the production of EVs results in higher greenhouse gas emissions, emissions from usage are much lower for eLGVs and further reduced with vehicle usage, resulting in overall lower emissions. Operational challenges identified relate to eLGVs charging time and infrastructure. Recommendations to motivate companies to transition to eLGVs are provided, and an ‘expected lifecycle emissions calculator’ created to compare various types of vehicles.</span></p>Wei Yang MokChristopher TanMaria Cecilia Rojas Lopez
Copyright (c) 2023 Wei Yang Mok , Christopher Tan , Maria Cecilia Rojas Lopez
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2023-12-292023-12-293210.25120/jre.3.2.2023.4013Resilience of Foreign Direct Investment
https://journals.jcu.edu.au/jre/article/view/4024
<p>Facing a world of continuous, overlapping disruptions, countries are recognizing resilience as the imperative condition for securing a sustainable and inclusive future. For developing countries, such as Costa Rica, Foreign Direct Investment (FDI) has had a positive impact specifically on economic growth, total exports, and the number of people employed. Costa Rica has undergone an important structural transformation in the last three decades, having gone from an import substitution model to a development model oriented to the promotion of exports and attraction of foreign direct investment (FDI). The efforts made to achieve greater international insertion of its economy have allowed the country to diversify its exportable offer, position itself as an attractive destination for investment in search of efficiency, and integrate its exports into global value chains.; ultimately becoming more resilient to external shocks. During the pandemic of COVID-19 Costa Rica’s Investment Promotion Agency (CINDE) reached record numbers in investment projects and job creation, the paper focuses on the years 2020-2021 and the attraction of FDI to the Costa Rica.</p>Adriana ChaconKeyssi CalderónRebeca Torres
Copyright (c) 2023 Adriana Chacon
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2023-12-292023-12-293210.25120/jre.3.2.2023.4024From Policies to Actions
https://journals.jcu.edu.au/jre/article/view/4020
<p>Indonesia's governance landscape embraces local governance and decentralization, empowering local authorities to tailor urban policies to their specific contexts. Decentralization provides the flexibility needed for crafting contextually relevant urban policies, while effective urban governance ensures responsible resource allocation and participatory decision-making. These intertwined elements mutually reinforce urban development and resilience. Local governance is pivotal in fostering community engagement and accountability, facilitating inclusive policymaking. National leadership provides overarching policy guidance, while local governments collaborate with stakeholders, including community representatives, civil society, and the private sector, to ensure policy relevance and local ownership. This paper examines the Indonesian urban policy formulation process, focusing on the influential role of mayoral leadership. It highlights the significance of local governance structures in crafting resilience-oriented urban policies. Employing qualitative content analysis approach to scrutinize policy documents and scholarly works, the paper sheds light on the complexities of policy development. The study accentuates the significance of mayoral leadership and participatory governance in advancing urban resilience. It reveals that involving a broad range of stakeholders in policymaking empowers local communities and drives sustainable urban development. The research illustrates the combined impact of political leadership and agile governance in maximizing decentralization's advantages, leading to urban policies rooted in resilience that resonate with the community's specific needs. </p>Faruq Ibnul Haqi
Copyright (c) 2023 Faruq Ibnul Haqi
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2023-12-292023-12-293210.25120/jre.3.2.2023.4020