This article offers an ‘institutionally pluralist’ view proposing different kinds of institutions for five different spheres of economic life. It argues that economic policy should be seen as a process of institutional design and offers illustrative policy proposals in key fields, from climate change to business investment.
After Neoliberalism: Economic Theory and Policy in the Polycrisis Read More »
The authors argue that the concept of the “global problematique” introduced by the Club of Rome over 50 years ago anticipated what we now call polycrisis by presenting a cybersystemic perspective on the linkages between multiple challenges. They warn that the polycrisis concept could suffer the same fate as global problematique by changing discourse but
The report examines how the polycrisis challenges the European Union’s sustainability transition. It focuses on transformative resilience, the ability to absorb, adapt to, and anticipate shocks while driving systemic change. The report explores how this approach can strengthen sustainability policies in three key areas: the energy transition, circular economy, and just transition. It proposes governance
William White argues that climate policy around the world is lacking in dimensions of “should” (clear analysis of what must be done), “could” (the power to implement solutions), and “would” (the actual use of that power to address the problem). The even greater challenge, however, is that climate change is not the only global systemic
Noting that the world is failing to meet the Sustainable Development Goals (SDGs), this report explores six key solution areas to bridge the gap, encompassing policy, public sector activity, technology, infrastructure, private industry, and financial services. It proposes the emergence of a new global system as past “certainties” come to an end, leading to a
Capital as Force for Good: Solutions to Close the SDG Gap Read More »
Joseph Fiskel argues that the Maui wildfire reveals just how unprepared communities are to face polycrises. In response, he advocates systems thinking and greater resilience: “Rather than simply ‘bouncing back’ from crises, a resilient organization will ‘bounce forward’ by sensing threats, adapting to new conditions, and improving its responsiveness to surprise events. This requires long-term thinking,
Hawaii Wildfires Expose Need for Resilience in a Polycrisis World Read More »
The authors argue that a trigger event can’t start a crisis by itself; some underlying stress or stresses must also be operating. They contend that leaders should pay far more attention to these stresses, because they’re ultimately far more important. The original title of the article was “Let’s Avoid ‘Trigger Fixation.” The Globe and Mail
Let’s Avoid ‘Trigger Fixation’ Read More »
This policy brief recommends that the European Union must shift from short-term crises responses to the long term systemic transformations required by a polycrisis era. It argues: “Today’s challenges require both anticipatory governance, long-term systems thinking and adaptive, agile decision-making. We must understand the real nature and root causes of the major crises we are
Transformation in the Poly-Crisis Age Read More »
The authors argue that the most effective way to build general resilience in an increasingly volatile and uncertain world is to foster “response diversity… a system’s variety of responses to disruptions of all kinds.” That entails maintaining a variety of ways to carry out key system process (ideally at different spatial and temporal scales) that
Response Diversity as a Sustainability Strategy Read More »
This 18th edition of the World Economic Forum’s Global Risks Report is based on a risk perceptions survey of 1200 experts on the likelihood, severity, and interconnections between 37 global risks. It finds that the biggest risk in the next two years is the cost of living crisis, and the biggest risk in the next
Global Risks Report 2023 Read More »
