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The Current State of Multiple Crises Research - Challenges and Perspectives

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  • Catalina Elena Vartic

    (Stefan cel Mare University of Suceava, Romania)

Abstract

In the current global context, characterized by interconnectivity and systemic vulnerability, multiple crises have emerged as a significant challenge for modern societies. This research investigates the phenomenon of various crises, defined as the simultaneous or sequential occurrence of economic, political, social, and ecological crises, and examines how their interactions exacerbate their severity. The 2008 financial crisis, the COVID-19 pandemic and the war in Ukraine are recent examples of crises that have generated cascading effects, disrupting global stability. The study highlights the theoretical and practical challenges in researching multiple crises and underscores the importance of coordinated strategies and international collaboration for effectively managing these complex phenomena. To conduct this research, I reviewed studies on multiple crises using Google Scholar for 2007-2023 and analyzed specialized literature addressing various crises and their impacts. This analysis reveals a significant increase in interest in the study of crises and their effects on the real economy, especially following the 2008 financial crisis, with a notable rise in the number of articles, citations, and the reputation of researchers and publications as clear evidence of the importance of the chosen topic.

Suggested Citation

  • Catalina Elena Vartic, 2024. "The Current State of Multiple Crises Research - Challenges and Perspectives," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 459-468.
    • Handle: RePEc:ddj:fseeai:y:2024:i:3:p:459-468
    DOI: https://doi.org/10.35219/eai15840409474
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    References listed on IDEAS

    as
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    3. Maurice Obstfeld & Kenneth S. Rogoff, 2009. "Global imbalances and the financial crisis: products of common causes," Proceedings, Federal Reserve Bank of San Francisco, pages 131-172.
    4. Rogoff, Kenneth & Obstfeld, Maurice, 2009. "Global Imbalances and the Financial Crisis: Products of Common Causes," CEPR Discussion Papers 7606, C.E.P.R. Discussion Papers.
    5. Gorton, Gary B., 2010. "Slapped by the Invisible Hand: The Panic of 2007," OUP Catalogue, Oxford University Press, number 9780199734153.
    6. Stijn Claessens & Giovanni Dell’Ariccia & Deniz Igan & Luc Laeven, 2010. "Cross-country experiences and policy implications from the global financial crisis [From Great Depression to Great Credit Crisis: Similarities, differences and lessons]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 25(62), pages 267-293.
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