Robust countries are ones that have learned from experience how to absorb shocks. Their economic and political systems are diversified and decentralized. Centralized regimes may appear more stable, but shatter when hit hard enough. Thus Assad’s Syria shattered in 2011, while Lebanon held steady. “The best indicator of a country’s future stability is not past stability but moderate volatility in the relatively recent past.”
Posted on: Wed, 17 Dec 2014 17:25:33 +0000