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“The “polycrisis” is paralyzing only for those who are attached to the old order of mechanistic and colonial thinking. For those who are not, it offers a “polytunity” to usher in new paradigms that invert the way we think about the development process, the sources of solutions, and the role of the state” (Ang 2024).
With all modern economies being susceptible to a variety of economic shocks, concurrent and converging crises continue to challenge the global community (World Bank 2024). However, as a small island developing state, Barbados faces substantial and compounding vulnerabilities that disproportionately subject it to the vagaries of polycrises (UNDP 2024). Burdened with a small fiscal space and declining but persistently high levels of debt, the tourism- and import-dependent island is forced to pursue economic growth and development while navigating climate risks, supply-chain disruptions, and mounting geopolitical tensions and international polarisation.
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