Economy

IMF-World Bank Meetings are the Last Stop before a Coming Economic Storm

Ahead of the annual meetings of the International Monetary Fund and World Bank, Lawrence H. Summers and Masood Ahmed implore these institutions to avoid a global economic downturn by addressing the polycrisis: “Challenges ranging from increased interest rates, climate change and an epically strong dollar, to food-supply shortages, high inflation and a still-prevalent pandemic all […]

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The Polycrisis

The Polycrisis is a newsletter and a series of essays and panels exploring intersecting crises with a particular emphasis on the political economy of climate change and global North/South dynamics.

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Imperfect Notes on an Imperfect World

Christopher Hobson often discusses the polycrisis in his blog posts, emphasizing the need to “honestly recognise and reckon with the complexity of the present moment.” “Polycrisis: In this Valley of Dying Stars” (18 August 2022) “Seeing Polycrisis: Facing Fractals” (26 August 2022) “Polycrisis and Metamorphosis: When Change Outpaces Comprehension” (2 September 2022) “Picking up Polycrisis:

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Polycrisis and Long-Term Thinking

Polycrisis and Long-Term Thinking: Reimagining Development in Asia and the Pacific Foresight Brief

This Foresight Brief argues that conventional risk management frameworks cannot grapple with the growing number of systemic and existential risks generated by decades of globalization. Instead, these risks require more long-term thinking – “intentional consideration of what might happen in the future, the choices for influencing it and the consequences of those choices” (p. 10).

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Chartbook

Adam Tooze frequently discusses various aspects of the polycrisis in his blog posts. Notable entries include: “Defining polycrisis – from crisis pictures to the crisis matrix” (24 June 2022) “Calibrating the polycrisis – with the help of the International Bank of Settlements” (26 June 2022) “Polycrisis – Thinking on the Tightrope” (29 October 2022) “Haiti

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How the World Really Works

Against those who anticipate a smooth, timely transition to renewable energy and net-zero carbon emissions, Vaclav Smil argues that we are much more dependent on fossil fuels than we recognize so that an energy transition will be difficult and tumultuous. “The real wrench in the works: we are a fossil-fueled civilization whose technical and scientific

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Anatomy and Resilience of the Global Production Ecosystem

The authors argue that the worldwide production and distribution of food, fuel, and fibre has created a “global production ecosystem” subject to immense simplification, intensification, and control by humans attempting to maximize efficiency. The resulting system is homogenous, highly connected, and has weak feedbacks – “features [that] converge to yield high and predictable supplies of

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The Age of Sustainability: Just Transitions in a Complex World

Mark Swilling proposes that “we need to understand the dynamics of the current global polycrisis as the emergent outcome of intersections between four dimensions of transition: socio-metabolic transition, techno-economic transition, socio-technical transition and long-term global development cycles. When understood as multiple cycles that intersect concurrently and asynchronistically across these four dimensions, the emergent outcome can

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