Consumptionomics: Asia's Role in Reshaping Capitalism and Saving the Planet - Hardcover

Chandran Nair

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9781906821494: Consumptionomics: Asia's Role in Reshaping Capitalism and Saving the Planet

Hardcover

ISBN 10: 1906821496 ISBN 13: 9781906821494

Publisher: Infinite Ideas, 2011

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Consumption has been the fuel that has driven the engine of global capitalism. The recent financial crisis has seen the West's leading economists and policy makers urging Asia to make a conscious effort to consume more and thereby help save the global economy. This is a view shaped by conventional wisdom which conveniently refuses to acknowledge both the uncomely effects of consumption and the limits to growth. "Consumptionomics" argues that this blinkered view needs to be replaced by a more rational approach to the challenges of the 21st century. If Asians aspire to consumption levels taken for granted in the West, the results would be environmentally catastrophic across the globe. Needless to say, it will also have significant geopolitical impacts as nations scramble for diminishing resources.

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From the Inside Flap:

Asia’s role in reshaping capitalism and saving the planet

Consumption has been for many years the fuel that drives the engine of global capitalism. The recent financial crisis has seen the west’s leading economists and policy makers urging Asia to make a conscious effort to consume more and thereby help save the global economy. This is a view shaped b conventional wisdom which conveniently refuses to acknowledge both the undesirable effects of consumption and the limits to growth.

In Consumptionomics, one of Asia’s leading sources of new ideas, Chandran Nair, tackles head-on what is certain to prove the most controversial political challenge of the next two decades,

Consumptionomics argues that the blinkered conventional view needs to be replaced by a more rational approach to such challenges. If Asians were to achieve consumption levels taken for granted in the West the results would be environmentally catastrophic across the globe. Needless to say, it would also have significant geopolitical impacts as nations scramble for diminishing resources. Asian government and leaders find themselves with a dilemma. The solutions will entail making sensitive political choices and adopting certain forms of government to affect a fundamental change of direction. If Asia is willing to take on this responsibility it will help to save the planet whilst reshaping capitalism.

About the Author:

Chandran Nair is the founder of the Global Institute For Tomorrow (GIFT), an independent social venture think tank dedicated to advancing an understanding of the impacts of globalisation through thought leadership and positive action to affect change. Chandran was chairman of Environmental Resources Management (ERM) in Asia Pacific until 2004, establishing the company as Asia's leading environmental consultancy. For more than a decade, Chandran has strongly advocated a more sustainable approach to development in Asia, advising governments and multi-national corporations to instill these principles into their policies and key decision-making processes. He has advised the Hong Kong government to devise a new approach that gives the public a bigger role in key policy making decisions - a first for Asia. In addition to his work with GIFT, Chandran continues to provide strategic management advice and coaching to business leaders. In this regard, he advises current and future leaders on how to meet the challenges of doing business in Asia, and of globalisation, investment geo-politics, leadership development, ethics, sustainability, and corporate social responsibility.

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