The Current State of Multiple Crises Research - Challenges and Perspectives

Catalina Elena Vartic
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Catalina Elena Vartic: Stefan cel Mare University of Suceava, Romania

Economics and Applied Informatics, 2024, issue 3, 459-468

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.

Keywords: economic impact of crises; crises in Romania; financial crises; COVID pandemic; Ukraine war (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2024:i:3:p:459-468

DOI: 10.35219/eai15840409474

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