Crisis research foundations in the transforming World economy: a theoretical perspective

This article examines the theoretical foundations of crisis research within the context of an evolving global economy.It highlights the necessity of re-evaluating traditional economic theories to encompass the interconnected nature of modern financial systems, technological advancements, and emergent global threats such as pandemics and climate change.The discussion extends to the analysis of the most recent scholarly contributions and identifies gaps that present opportunities for future research.The interconnectedness of the global economy has not only facilitated international trade and cultural exchange but has also increased the propensity for localized economic disruptions to escalate into global crises.From financial collapses and geopolitical instability to pandemics and climate change, modern economic crises represent a complex interweaving of causes and consequences that extend far beyond traditional economic theories and models.Traditional economic theories have often fallen short in predicting and mitigating the impacts of these crises.In this article, an attempt is made to comprehend and systematize modern economic crises through the lens of globalization, technological changes, environmental and healthcare challenges, while proposing a new theoretical approach for understanding and managing these crises.