Our vulnerability to "shocks" can and should be reduced

Authors

  • Carmen Aída Lazo Escuela Superior de Economía y Negocios, ESEN

DOI:

https://doi.org/10.5377/ccs.v4i1.6024

Keywords:

Economy, Civil wars, human displacement, El Salvador

Abstract

Economists call “shock” (from English shock) those events that produce significant changes within an economy, despite being external to it. Shocks are unpredictable, but their impact on people's well-being and the country's stability can be far-reaching. El Salvador is a nation highly exposed to different shocks, whose frequent occurrence implies important challenges for public policies. Some of these shocks are natural (earthquakes, droughts, floods), others are caused by human action (financial crises, civil wars and human displacement, etc.) and a third group is made up of generalized epidemics (zika, chikungunya, h1n1) .

Author Biography

Carmen Aída Lazo, Escuela Superior de Economía y Negocios, ESEN

Dean of Economics and Business

Published

2022-08-25

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