Systemic Risk

Stress-Testing the Resilience of Critical Infrastructures Exposed to Polycrises Triggered by Emerging Risks

The article introduces a new approach to stress-testing the resilience of critical infrastructures that are exposed or potentially exposed to adverse events, polycrises, or disasters. It focuses on extreme threats (XTs) that may trigger polycrises and proposes the use of resilience and threat indicators, quantitative stress-testing methods, and standardized solutions. This integrated approach seeks to […]

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It’s Time to Consider Global Catastrophic Food Failures

The authors explore how food systems face interconnected, systemic risks that could culminate in widespread disruptions, potentially triggering extreme global famine, alongside other neglected extreme risks. They introduce the term Global Catastrophic Food Failure (GCFF) as a type of global catastrophic risk, intended to unify diverse strands of research focused on ensuring global food availability

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Positive Externalities in the Polycrisis: Effectively Addressing Disaster and Climate Risks for Generating Multiple Resilience Dividends

This paper argues that, in the context of the Polycrisis, further investment is urgently needed to address the underlying drivers of disaster and climate-related risks. The authors examine the state of arts of the Triple Dividend of Resilience (TDR) framework, a concept that suggests resilience investments yield not only risk reduction benefits from intervention investments,

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New Challenge for Risk Governance: Polycrisis and Systemic Risk

The author highlights the rise of polycrises, where interconnected challenges, such as the pandemic, climate change, wars, food insecurity, and inflation, mutually amplify one another. He argues that the traditional approach to risk assessment and management is insufficient to address the multiple facets of polycrisis and introduces a systemic risk framework to capture the systemic

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Systemic Contributions to Global Catastrophic Risk

This article examines two distinct but related approaches to the global risk landscape: one explores how risks emerge from complex global systems, while the other focuses on worst-case outcomes. The authors present a framework that connects these perspectives, highlighting how emergent properties of the global system—such as hazards, amplification, vulnerability, and latent risks—drive the potential

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Systemic Risk and the Polycrisis

The author explores the concepts of systemic risk, polycrisis, and catastrophic risk, explaining how interconnected failures can cascade across diverse systems, threatening global stability. He emphasizes how systemic risk and polycrisis expose both the vulnerabilities and adaptive capacities of our global systems. The article illustrates that while a single failure can trigger widespread collapse, history

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Multipolarization – Munich Security Report 2025

This report presents the findings of the Munich Security Index 2025—an index of global risk perceptions in the G7 and “BICS” countries. It examines the implications of multipolarization in the international order, emphasizing that current trends indicate the negative effects of greater multipolarity are prevailing, as widening divisions among major powers and competing governance models

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The Thematic Assessment Report on Interlinkages Among Biodiversity, Water, Food and Health

This report explores the interconnected crises and challenges of biodiversity loss, water availability and quality, food insecurity, health risks, and climate change, focusing on their interlinkages. It assesses current and future trends, emphasizing biodiversity and nature’s contributions to people. The report also examines response options and governance strategies to promote coordinated decision-making, minimize trade-offs, and

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