Are we headed toward a "polycrisis"? The buzzword of the moment, explained.

There is nothing that Davos loves more than a good buzzword, and in 2023 that buzzword was "polycrisis." The folks at this year's World Economic Forum adopted the term after historian Adam Tooze popularized it in his inaugural Financial Times column last year. At its annual meeting last week, the WEF released its "Global Risks Report 2023," warning that "eroding geopolitical cooperation will have ripple effects across the global risks landscape over the medium term, including contributing to a potential polycrisis of interrelated environmental, geopolitical and socioeconomic risks relating to the supply of and demand for natural resources." This warning…