The Influence of Commercial Systems on Urban Economic Resilience: A Literature Review
Yang Liu
School of English for International Business, Guangdong University of Foreign Studies, Guangzhou, China
Jing Ma
Guangdong Institute of International Strategy, Guangdong University of Foreign Studies, Guangzhou, China
Abstract:
This literature review examines the influence of commercial systems on urban economic resilience, focusing on how cities absorb, recover, and adapt to economic shocks. The review identifies key mechanisms through which commercial systems—such as market flexibility, innovation ecosystems, financial institutions, and governance quality—affect resilience. Cities with flexible labor markets, innovation-driven entrepreneurial ecosystems, and robust financial systems are shown to adapt more effectively to crises. Moreover, strong governance structures and transparent commercial regulations facilitate efficient resource allocation and faster recovery. Case studies, including the 2008 financial crisis and the COVID-19 pandemic, highlight that cities with well-structured commercial systems recover more quickly and demonstrate greater adaptive capacity. The review concludes with policy recommendations, including enhancing governance quality, balancing flexibility with social stability, and promoting innovation and entrepreneurship. Future research directions are suggested to further investigate the role of emerging global challenges, such as climate change and technological disruption, in shaping urban economic resilience.
Published in: International Journal of Research in Engineering, Science and Management (Volume 7, Issue 10, October 2024)
Page(s): 17-22
Date of Publication: 10/10/2024
Publisher: IJRESM
Cite as:
Yang Liu, Jing Ma, “The Influence of Commercial Systems on Urban Economic Resilience: A Literature Review,” in International Journal of Research in Engineering, Science and Management, vol. 7, no. 10, pp. 17-22, October 2024.