Whose Polycrisis?


Farwa Sial argues that the polycrisis neologism is a feint that allows international financial institutions to continue business as usual by obscuring their role in global problems. She critiques definitions of polycrisis for downplaying the role of capitalism and global power hierarchies in the perpetuation of contemporary crises, and for overlooking the experiences of the global south. “An alternative hypothesis of the current crises is the possibility that declining uni-polar world order does not necessarily equate to an elimination of imperial power and that the drivers of the current crisis are an essential outcome thereof.”


Farwa Sial

Publication Date

27 January 2023


Developing Economics



Resource Type

Blog Post

Systems Addressed

Economy • Geopolitics and International Security

Uses the term polycrisis

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