Sholihah Sholihah
Universitas Negeri Yogyakarta, Yogyakarta

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Global Economic Dynamics and Economic Resilience in the 2018–2022 Period Nur Kamilah; Asmarani Asmarani; Sholihah Sholihah
Integra Business Review Vol. 1 No. 2 (2023): December 2023
Publisher : Integra Academic Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63208/21014-420

Abstract

This study aims to analyze global economic dynamics and their influence on economic resilience during the 2018–2022 period. The research employed a literature review with a descriptive qualitative approach, collecting data from scientific journals, books, international reports, and other relevant academic sources. The findings indicate that international trade, digital economic transformation, the COVID-19 pandemic, investment, and business sector resilience influenced global economic dynamics. International trade conflicts and increasing protectionist policies caused a slowdown in economic growth and increased uncertainty in global markets. In addition, the COVID-19 pandemic significantly affected production activities, consumption, investment, and international trade. On the other hand, the development of the digital economy created opportunities to improve economic efficiency and expand market access through digital technology utilization. The study also demonstrates that micro, small, and medium enterprises played an important role in maintaining economic stability through business innovation and adaptability to changing economic conditions. Therefore, adaptive and innovative economic strategies oriented toward strengthening economic resilience are needed to maintain sustainable economic stability.