Policy and Practice

The ‘Polycrisis’ and Global Development Finance: Options and Dilemmas

Cameron Hill discusses a “range of proposals to reform the international development finance architecture in ways that might alleviate some of the worst effects of the multiple global shocks for low- and middle-income countries. This blog canvasses several of the more prominent proposals, including the dilemmas and trade-offs they raise.” He focuses on “debt, global […]

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IMF-World Bank Meetings are the Last Stop before a Coming Economic Storm

Ahead of the annual meetings of the International Monetary Fund and World Bank, Lawrence H. Summers and Masood Ahmed implore these institutions to avoid a global economic downturn by addressing the polycrisis: “Challenges ranging from increased interest rates, climate change and an epically strong dollar, to food-supply shortages, high inflation and a still-prevalent pandemic all

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Polycrisis and Long-Term Thinking

Polycrisis and Long-Term Thinking: Reimagining Development in Asia and the Pacific Foresight Brief

This Foresight Brief argues that conventional risk management frameworks cannot grapple with the growing number of systemic and existential risks generated by decades of globalization. Instead, these risks require more long-term thinking – “intentional consideration of what might happen in the future, the choices for influencing it and the consequences of those choices” (p. 10).

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Crude Futures

In this blog, Richard Hames discusses polycrisis, societal collapse, existential risk, and related themes. Notable entries include: · “Existential Risk and The Method of Collapsology” (23 June 2022) · “The decisive moment” (01 July 2022) · “On Staying Woke in Polycrisis Futurism” (06 July 2022) · “Attention Deficit Hyperobject Disorder” (18 July 2022) · “The Stakes of Sri Lanka”

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Introduction: The European Union beyond the Polycrisis? Integration and Politicization in an Age of Shifting Cleavages

This article introduces a special issue of the Journal of European Public Policy on Europe’s polycrisis, setting out the mechanisms of its “politics trap” and the strategies that have been utilized to try to deal with its constraints. It argues that “this ‘polycrisis’ is fracturing the European political system across multiple, simultaneous rifts, thereby creating a ‘polycleavage’.”

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Taking Strategic Initiative to Prevent and Defuse Major Risks

Melanie Hart, Jordan Link, and Ngor Luong of the Center for American Progress translate and discuss Chinese Central Political and Legal Affairs Commission Secretary-General Chen Yixin’s effort to explain President Xi Jinping’s “ten fundamental insights” on “preventing and resolving major risks”. Yixin considers black swan events and risk interactions, noting that “All categories of risk

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Speech at the Opening Plenary Session at the Ideas Lab 2018 “Europe – Back on Track” of the Centre for European Policy Studies (Brussels)

In this speech, then President of the European Commission Jean-Claude Junker uses the term polycrisis (albeit only once) to refer to the combined migration, financial, and Brexit crises facing Europe. He proposed: “It is not so long ago that our Union was in danger of sleepwalking from one crisis to another without waking up… Since

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Towards and Integrated Assessment of Global Catastrophic Risk

Seth D. Baum and Anthony M. Barrett argue that there are underappreciated systemic interactions between catastrophic risks. Actions taken to mitigate one catastrophic risk may increase or reduce another catastrophic risk. To address these interactions, leaders must use an “integrated assessment” of the whole collection of global catastrophic risks to ensure efforts to remediate one

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Speech by President Jean-Claude Juncker at the Annual General Meeting of the Hellenic Federation of Enterprises

European Commission President Jean-Claude Juncker uses the term polycrisis to describe Europe’s governance challenges amidst the Greek debt crisis, Russia’s annexation of Crimea, the surge of Syrian refugees into Europe, and the pending Brexit vote. These problems “have not only arrived at the same time. They also feed each other, creating a sense of doubt

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