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 […]
This 18th edition of the World Economic Forum’s Global Risks Report is based on a risk perceptions survey of 1200 experts on the likelihood, severity, and interconnections between 37 global risks. It finds that the biggest risk in the next two years is the cost of living crisis, and the biggest risk in the next
Global Risks Report 2023 Read More »
Ian Bremmer and Cliff Kupchan present their top ten geopolitical risks for 2023: an increasingly rogue and reckless Russia; an increasingly powerful and unconstrained Xi Jinping; the weaponization of artificial intelligence; shockwaves of global inflation; Iran backed into a corner; higher energy prices; reversals of development; political divisions in the United States; the disruptive digital
The report highlights the distinctive harms for children and future generations of eight global trends that are part of the polycrisis: continued impacts of the pandemic, inflation, food insecurity, energy shortages, underinvestment in children, threats to democratic rights, international factionalism, and internet inequality.
Prospects for Children in the Polycrisis: A 2023 Global Outlook 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 »
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 »
Stephen M. Walt considers a number of global shocks that have all happened in close temporal proximity to one another and are “overwhelming our collective ability to respond”: the breakup of the Soviet empire, China’s rise, 9/11 and the global war on terror, the 2008 financial meltdown, the Arab Spring, the global refugee crisis, the
How Many Shocks Can the World Take? Read More »
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;
Megathreats: Ten Dangerous Trends that Imperil Our Future and How to Survive Them Read More »
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.
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:
Imperfect Notes on an Imperfect World Read More »
