This tenth edition of insurance company AXA’s Future Risks Report surveyed 3,500 experts in 50 countries and a representative sample of 20,000 members of the general population in 15 countries. It found that the top three perceived risks are: 1) climate change, which for the first time occupied the top spot for both experts and […]
AXA Future Risks Report 2023: A World in Polycrisis Read More »
William White argues that climate policy around the world is lacking in dimensions of “should” (clear analysis of what must be done), “could” (the power to implement solutions), and “would” (the actual use of that power to address the problem). The even greater challenge, however, is that climate change is not the only global systemic
Paul Gilding argues that the world has reached “a multi-system tipping point” that will bring “the Great Disruption”: “a destabilisation of the global climate system at a scale that is so chaotic, unpredictable and costly, it will trigger cascading disruptive change in the global economy, national politics, investment markets and geopolitical security.” Gilding predicts that
The Great Disruption has Begun Read More »
This report highlights the surge in global public debt, aggravated by a series of cascading crises in recent years. It also underscores how the growing debt burden disproportionately impacts developing countries, where public resources are increasingly diverted from essential development needs to service debt compromising their ability to react to emergencies, tackle climate change and
A World of Debt – Report 2025 Read More »
Kanishka Jayasuriya argues that polycrisis is a helpful descriptive term for the novel, intersecting crises of the 21st century, but it should be understood as a political crisis arising from the contradiction between capital accumulation and the social reproduction (the conditions of life) on which capitalism depends. Established political frameworks are unable to manage the
Polycrisis or Crises of Capitalist Social Reproduction Read More »
The article reports on a presentation by Dr. Alan Dupont, chief executive of Cognoscenti, at the Australasia Investor Relations Association’s 2023 annual convention. Dupont argued that, in an era of polycrisis, geopolitical risk should become a third pillar of environmental and social governance (ESG).
What a ‘Polycrisis’ is and What it Means for Business Read More »
The authors translate polycrisis from a loose concept into a research agenda by providing the concept with a substantive definition, highlighting its value-added in comparison to related concepts, and developing a theoretical framework to explain the causal mechanisms currently entangling many of the world’s crises. In this framework, a global crisis arises when one or
Global Polycrisis: The Causal Mechanisms of Crisis Entanglement Read More »
In this report for the Strategic Innovation Unit of the United Nations Development Programme, Zack Walsh argues that the underlying driver of the polycrisis is our unsustainable and unjust economic systems, and the polycrisis opens opportunities to transform those systems. Additional drivers include overshoot, inequality, complexity, and uniformity and interconnectedness. The article then considers two
Global Polycrisis as a Pathway to Economic Transition Read More »
This article by the Head of Multi-Asset Funds proposes that the UK economy and global equities are potential losers of the polycrisis, while equities in healthcare, energy, and raw materials may be poised as winners, where polycrisis has spurred innovation and demand. It then considers the uncertain prospects for Japan’s monetary policy and its zero-inflation
Investing in the Age of Polycrisis Read More »
Tim Palmer discusses the challenges of predicting events in nonlinear systems that, by nature, experience intermittent instabilities, as in the famous “butterfly effect”. Today, continued emissions are increasing the instabilities and uncertainties of climate change, while the economy and global health exhibit similar non-linearities. To deal with such uncertainties, he advocates ensemble prediction systems that
Why the World Feels so Unstable Right Now Read More »
