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Walking the post-pandemic talk : how to incorporate resilience in better regulation systems
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STG Resilience Papers; 2021
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RENDA, Andrea, Walking the post-pandemic talk : how to incorporate resilience in better regulation systems, STG Resilience Papers, 2021 - https://hdl.handle.net/1814/71700
Abstract
• The pandemic revealed at once the lack of preparedness of many governments,
and the inadequacy of existing scientific advice mechanisms in times of
emergency.
• Use of foresight techniques and meaningful scientific advice can help
governments anticipate possible low-probability, high-impact events that could
have a disruptive impact on the economy and society. However, these techniques
should be fully embedded in the policy cycle.
• Policies should be stress-tested regularly to ensure that they remain relevant and
able to withstand unforeseen shocks.
• The bottom-up nature of contemporary policy evaluation is, by design,
incompatible with long-term objectives such as ensuring systemic resilience.
• Rather than cost-benefit analysis, a more suitable decision-making criterion in
policy appraisal would be the adoption of multi-criteria analysis, under the
condition that criteria adopted for decision-making incorporate resilience
alongside other policy goals, such as sustainability.
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Additional Information
This STG Resilience Paper is part of the Commission Research Report and Interim Progress Report (June 2021) published by Reform for Resilience.