Polycrisis and global inequality

Non-Technical Summary. This paper examines the interconnected global crises, or "polycrisis," highlighting how economic, environmental, and political challenges overlap and intensify inequalities, particularly in the Global South. The work emphasizes the systemic nature of these crises, arguing that they are not isolated but are exacerbated by neoliberal economic policies that favor the wealthy and powerful. The paper advocates for transformative reforms that address these systemic issues, focusing on social justice, environmental sustainability, and more equitable governance structures. It calls for a shift from neoliberalism towards more inclusive global frameworks to alleviate these crises and foster long-term stability. Technical Summary. The paper explores the concept of polycrisis, where multiple global crises—such as financial instability, climate change, and political unrest—are interconnected and exacerbate existing inequalities. It argues that these crises are not separate events but symptoms of deeper systemic issues within global power structures, especially those rooted in neoliberal economic policies. The Global South, the paper asserts, bears the brunt of these overlapping crises due to structural inequalities, environmental degradation, and political instability. Drawing on critical perspectives, the paper critiques neoliberalism for amplifying economic and social disparities while failing to provide sustainable solutions. The paper suggests that existing global governance institutions are inadequate in addressing the polycrisis and calls for transformative reforms in both international institutions and economic systems. Specifically, the paper advocates for a postneoliberal approach that emphasizes equity, sustainability, and justice. The findings underscore the need for integrated, systemic solutions to tackle the root causes of these crises, focusing on more inclusive governance, equitable resource distribution, and a reimagined global order. The work contributes to ongoing debates about how to navigate the interconnected challenges of our time and build a more resilient, just global society. Social Media Summary (120 characters) Exploring the interconnected global crises and the need for systemic reforms to build a just, sustainable future.