What next for the post covid global economy: Could negative supply shocks disrupt other fragile systems?

This INET Working Paper, posted on 26 January 2023, is based upon an earlier  presentation. White’s general premise is that our economic, political, public health and environmental systems are all complex, adaptive systems and each is showing clear signs of distress. Moreover,  problems in any one system could easily spread to other systems in a “cascade of tipping points”. In this particular paper, White suggests that existing stress in our economic/financial system is likely to be made worse by a multitude of future, negative supply shocks. In turn, these economic problems might pose a threat to the democratic order in some countries. The paper finishes with reflections on policies that might help to stabilize the situation.