TWIN TRANSITION AS AN ADAPTIVE STRATEGY FOR ECONOMIC RECOVERY AND RESILIENCE POST CRISIS

Abstract

The twin transition, which combines digital transformation and the green transition, is increasingly important as an adaptive strategy for post-crisis economic recovery and resilience. The global economic crisis demonstrates the need for an approach that focuses not only on economic recovery but also on economic sustainability. However, research on the twin transition has not been widely conducted, especially in developing countries. The purpose of this study is to bridge this gap by reviewing empirical studies on the contribution of the twin transition as a mechanism for post-crisis economic recovery and resilience, as well as future economic shocks. This study uses a library research approach with content analysis methods and systematic analysis of the twin transition adaptive strategy as a mechanism for post-crisis economic recovery and resilience. The results of this study indicate that the twin transition can be used as a highly potential adaptive strategy to support long-term economic recovery. The twin transition, when implemented, can create an economic structure that is more resilient to shocks, flexible, competitive, and sustainable. However, the implementation of the twin transition is not immediately successful, as its success is determined by institutional capacity, technological readiness, human resources, and regulations implemented by policymakers.