The authors argue that a trigger event can’t start a crisis by itself; some underlying stress or stresses must also be operating. They contend that leaders should pay far more attention to these stresses, because they’re ultimately far more important. The original title of the article was “Let’s Avoid ‘Trigger Fixation.” The Globe and Mail […]
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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 »
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 »
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 »
Strong explores the impacts of polycrisis on the way people think, feel, and behave, highlighting several psychological responses to polycrisis: existential fear, the search for safety and protection, connection to place, the struggle to regain a sense of control, and the more fluid forms of cognition (e.g., the turn to conspiracy theories) by which people
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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 »
Mathew Davies and Christopher Hobson argue that the COVID-19 pandemic is part of an ongoing polycrisis that requires significant changes to the ways in which the discipline of International Relations understands the world. They propose that “Polycrisis is a way of capturing the tangled mix of challenges and changes [that] closely interact with one another,
An Embarrassment of Changes: International Relations and the COVID-19 Pandemic Read More »
Ian Bremmer argues that the world faces three major crises—pandemics, climate change, and disruptive technologies (AI, lethal autonomous weapons, cyberwarfare, and biotechnology)—but our ability to respond effectively is hampered by broken American politics and the worsening rivalry between the United States and China. The three crises, however, present an opportunity and the necessary impetus for
The Power of Crisis: How Three Threats – And Our Response – Will Change the World Read More »
The report provides an overview of several catastrophic risks that are potentially global in scope: weapons of mass destruction, pandemics, artificial intelligence, asteroids, climate change, super-volcanic eruptions, ecological collapse, population growth, and climate tipping points. For each risk, it explores the key factors that affect the risk levels and the extant governance frameworks that address
Global Catastrophic Risks 2022: A Year of Colliding Consequences Read More »
Adam Tooze examines the impacts of the covid-19 pandemic on finance and business, highlighting just how unprepared and vulnerable economic systems were to the crisis. He highlights the ways in which institutional failures, political interests, economic policies, and geopolitics interacted with the pandemic to shape its impacts. Characterizing the situation as a polycrisis, he applies
Shutdown: How Covid Shook the World’s Economy Read More »
