Noting that polycrisis was the key buzzword at the World Economic Forum’s January 2023 meeting in Davos, Daniel Drezner attempts to make sense of the concept as “the concatenation of shocks that generate crises in other systems that, in turn, worsen the initial crises, making the combined effect far, far worse than the sum of […]
Are we Headed toward a “Polycrisis”? The Buzzword of the Moment Explained Read More »
Andreas Kluth argues that the term polycrisis is unhelpful to solving the world’s problems because it captures nothing new. Human history is full of complex crises, interactions between them, and the absence of single causes and solutions. “My practical advice is to stop coining Greek neologisms and attack complexity with simple words. We have problems,
So We’re in a Polycrisis. Is That Even a Thing? Read More »
In response to the 2023 World Economic Forum summit in Davos, Michael Peregrine argues that “the emphasis on polycrisis calls on boards to not only look more broadly on global risks that might affect the company’s business, but also to look at them in a different way. The fundamental governance message of polycrisis is to
Jonathan Derbyshire characterizes the year 2022 as a polycrisis, discusses the origins of the term, and provides the definition: “Noun: collective term for interlocking and simultaneous crises of an environmental, geopolitical and economic nature.”
Year in a Word: Polycrisis Read More »
Hugo Dixon argues that the present polycrisis need not lead to a new Cold War or bifurcated world order, but could instead produce a polycentric order made up of multiple centres of authority, with the US as a leader but not a hegemon.
Polycrisis may Lead to Polycentric World Order Read More »
Mosharraf Zaidi argues that Pakistan has for decades experienced a polycrisis composed of abject poverty, gender inequality, insecurity of life and property, risk of mass killing, and threat of sovereign default, with no improvements in sight. Additional stresses include extreme weather, a politically involved military, right-wing extremist groups, and the ongoing conflict with India. The author
Our ‘Permacrisis of Polycrisis’ Read More »
Wolf argues that we cannot think about and address the many problems facing the world separately from one another. “The alternative of thinking about the interactions among [macroeconomics, finance, politics, social change, disease, and the environment] is also too hard. But sometimes, as now, it becomes inescapable… The point is that we need to analyse
How to Think about Policy in a Polycrisis Read More »
Geoff Mulgan argues that the United Kingdom suffers from an “imagination gap” that impedes its ability to navigate multiple crises, manifest in short-sighted policies and over-reliance on past solutions. He explains how politics, financing, and academia contribute to the gap and provides historical examples where imaginative experimentation helped solve crises. Mulgan concludes that “it is
Thomas Homer-Dixon and Johan Rockström argue that global crises are accelerating in their occurrence, amplifying in their effects, and synchronizing due to largely unseen causal connections between them. The result is a polycrisis, a term that “implies that humanity is dealing with a complex knot of seemingly distinct but actually deeply entangled crises.” The authors
What Happens when a Cascade of Crises Collide? Read More »
Highlighting the connections between economic and non-economic shocks to the world, Adam Tooze proposes that “A problem becomes a crisis when it challenges our ability to cope and thus threatens our identity. In the polycrisis the shocks are disparate, but they interact so that the whole is even more overwhelming than the sum of the
Welcome to the World of the Polycrisis Read More »
