Sponsor(s): Industrial economy research institute
12 issues per year
Current Issue: Issue 05, 2020
Journal official website:http://www.jjgl.cass.cn/CommonBlock/GetSiteDescribeDetail/1242?channelID=1242
Economic Management Journal is supervised by Chinese Academy of Social Sciences, and sponsored by Institute of Industrial Economics, Chinese Academy of Social Sciences. It aims to report the economics-based management research, which is an indispensable reference for the management of scientific research. Its scope covers macro-economic management, industrial and regional economic management, business management, management science and engineering, public administration and management reviews. The Journal is included in CSSCI.
Associate Editors in Chief
Business Management Journal,2020,Vol 42,No. 05
The COVID-19 not only threatens the lives and health of people, brings significant impacts on economics, finance, industries, regions, and business, and changes the consumption pattern and living style of consumers, but also exerts significant influence on China’s economy and its high-quality transition and upgrading. This paper makes use of six “mirrors” to conduct a systematic and objective analysis of the shocks, economic resilience, and high-quality development for the transition and upgrading in fighting against the COVID-19 and how to address the challenges and problems in the future. To put it more specifically, this paper is intended to reveal the true reality by using the “plane mirror,” identify nature by using the “microscope,” look at the whole picture by using the “reflector,” focus on the details by using the “megaloscope,” look forward towards the future by using the “telescope,” and keep optimistic by using the “magic mirror.” Furthermore, this paper explores the shocks and impacts of the COVID-19 on the economic development of China as a whole and various industries and firms in particular. For example, it was reported that the output of most industries showed a large decline of 13.5% although those industries related to materials for medical protection and life achieved rapid growth, and such high-tech industries as smartwatch, smart bracelet, and semiconductor discrete devices kept a trend of growth in the past two months from January to February of 2020 according to the latest data from the National Bureau of Statistics of China. Among them, the manufacture of automobiles, microcomputer equipment, manufacture of general-purpose machinery, manufacture of railway, ships, aerospace and other transportation equipment, textile industry, and electric equipment and machinery decreased the most. This paper analyzes the effectiveness and potential problems of the systems of emergency public governance, which is followed by an intensive review of the concept and key dimensions of economic resilience and its evolution from engineering resilience to ecological resilience and evolutional resilience. By definition, economic resilience is the capabilities of an economic entity (such as a nation, region, city, industry, family, or individual) to deal with external disturbances, fight against shocks, or adjust the path for self-development, usually highly related to vulnerability, adaptability, path-dependent, lock-in, recover, collaborative evolution, and restoring competence. Besides, this paper also examines the comprehensive system for economic resilience of a nation, which is usually related to the administrative management resilience of national and local government, policy resilience, financial resilience, industrial resilience, infrastructural resilience, regional resilience, urban resilience, social or community resilience, organizational resilience, family resilience, and individual resilience. This paper provides brief definitions of key elements in the economic resilience system, discusses the mutual influences of those elements, and identifies the key factors of determining economic resilience. In the last part, this paper concludes with several significant aspects that need serious trade-off in increasing economic resilience at different levels, such as the economic efficiency derived from the global division of labor and the economic resilience required by the increasingly emergent events in the world, the global value chain integration and the emerging anti-globalization, and the government mechanism and the market system. This paper also proposes how to accelerate the dominant transition of high-quality economic development towards digitalization, intelligentization, servitization, and consumerization, and how firms in China effectively respond to the uncertain, complex, vague, and ambiguous environments by focusing on strategic flexibility, transition from offline business to online one, customer empowerment and participation, and maximization of the implications of government policies.