Determinants of economic resilience in developing economies: a management perspective from Benin
DOI:
https://doi.org/10.65026/t0j53m68Keywords:
economic resilience, developing economies, management perspective, governance quality, economic diversification, BeninAbstract
This study investigates the determinants of economic resilience in developing economies through a management perspective, focusing on Benin as a representative case within the West African Economic and Monetary Union (WAEMU). Employing a mixed-methods approach that integrates institutional analysis with macroeconomic assessment, the research identifies five key dimensions of resilience: macroeconomic stability, governance and institutional quality, economic diversification, human capital development, and strategic management capacity. An integrated management framework is proposed, organising determinants into three layers – foundational capacity, adaptive mechanisms, and transformative drivers – that collectively shape resilience outcomes. The findings demonstrate that Benin’s deliberate policy reforms, including fiscal consolidation, strategic planning frameworks, and international cooperation, have significantly strengthened its resilience capacity. However, structural vulnerabilities related to limited diversification and commodity dependence persist. The study contributes to bridging the gap between resilience theory and management practice in developing economy contexts, offering actionable insights for policymakers.
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Copyright (c) 2025 Jean-Baptiste Adéyemi (Author)
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