Academic Journal Article

Polycrisis: Factors, Impacts, and Responses in the Housing Market

The authors examine the implications of polycrisis for the housing market. Using a qualitative desktop study and thematic analysis, they identify key contributing factors including economic inequality, climate change, political instability, and technological disruption. The study highlights how polycrisis affects both housing market regulators and participants, resulting in reduced property values, increased financial risks, and […]

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Beyond the Buzzword: Rethinking Polycrises in Public Policy and Administration Research

The author examines the use of the polycrisis concept in public policy and administration research, highlighting its potential for addressing complex challenges but noting a frequent lack of conceptual clarity and analytical depth. Polycrises are often treated as static and uniform, despite their dynamic and multifaceted nature. To strengthen its application, the author proposes clearer

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International Finance and the Global Polycrisis

This article explores the pivotal role of international finance in shaping political responses to four major global crises: the COVID-19 pandemic, the Russian invasion of Ukraine, the climate emergency, and the intensifying geoeconomic rivalry between China and the United States. It highlights how financial mobilization has varied across these crises, serving distinct strategic purposes and

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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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Impact of Global Risks on Economic Downturn in Countries Worldwide: Analysis of the Causes of the Situation and Opportunities for Growth Recovery

The authors examine the impact of global risks on economic growth dynamics across more than 200 countries from 1961 to 2023, revealing a consistent decline in growth rates linked to intertwined geopolitical, economic, social, environmental, and technological risks. Through structural analysis and analytical tools, they identify economic and environmental risks as key contributors to the

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How Can Aid for Trade Support the Resilience of the Least Developed Countries in the Face of Polycrisis?

This article examines the potential of Aid for Trade (AfT) as a tool for building resilience in developing countries and least developed countries amid the growing complexity of global polycrisis. Drawing on evidence from a range of AfT-supported initiatives, it highlights AfT’s capacity to enhance resilience at both macro and micro levels. However, the impact

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Dynamics of the Polycrisis: Temporal Trends, Spatial Distribution, and Co-occurrences of National Shocks (1970–2019)

The authors investigate the evolving nature of global crises by analyzing the temporal trends, geographic distribution, and co-occurrences of shocks across 175 countries from 1970 to 2019. Their findings reveal that shocks have become increasingly co-occurring until 2000, particularly involving conflict, climate, and technological disruptions, followed by regionally varied patterns of stabilization or decline. By

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Systemic Management Practices—Enabling Local Governments to Adapt in Response to Complexity

The authors explore the impact of accelerating change and increasingly complex global and local challenges on the city as a complex socio-ecological service ecosystem (SES) and its capacity to ensure sustainability or ecosystem health. Drawing on systems science and the service ecosystems perspective, they present a framework for systemic management that prioritizes holistic, integrative, adaptive,

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Polycrisis in Agrifood Systems: Climate-Conflict Interactions and Labor Dynamics for Women and Youth in 21 African Countries

This paper examines how armed conflict and climate change jointly affect individual labour intensity in 21 African countries. Using labour force surveys alongside climate and conflict event data, the study finds that extreme climate events have more severe negative impacts in regions already affected by conflict. These compounded effects, framed as a climate-conflict polycrisis, disproportionately

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