Economy Archives - Page 8 of 10

Beating Around the Bush: Polycrisis, Overlapping Emergencies, and Capitalism

Güney Işikara argues that “obscure jargon” like ‘overlapping emergencies’ and polycrisis “serve, with or without intention, to conceal the culprit, namely the totality of capitalist relations” as the fundamental source of the world’s problems. “Within this depoliticizing and neutralizing narrative, capitalism at best looms as an imperceptible, shadowy figure in the background, not worth problematizing, […]

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The New International Economic Order

Noting that “This is not our first polycrisis”, the authors point out that actors in the Global South proposed a “New International Economic Order (NIEO)” to deal with the polycrisis of the 1970s by addressing food shortages, international debt, control over natural resources, and technology transfers. While the original NIEO failed, Progressive International has launched

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The ‘Polycrisis’ and Global Development Finance: Options and Dilemmas

Cameron Hill discusses a “range of proposals to reform the international development finance architecture in ways that might alleviate some of the worst effects of the multiple global shocks for low- and middle-income countries. This blog canvasses several of the more prominent proposals, including the dilemmas and trade-offs they raise.” He focuses on “debt, global

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Megathreats: Ten Dangerous Trends that Imperil Our Future and How to Survive Them

The author defines megathreats as “severe problems that could cause vast damage and misery and cannot be solved quickly or easily” (p. 4). “We are facing megathreats unlike anything we have faced before… [and] they overlap and reinforce one another” (p. 5). Roubini explores ten megathreats: debt accumulation and debt traps; easy money and financial crises;

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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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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: 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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