Books  Sustainable Development  Politics, Policy & Planning  Environmental Policy 

Greening of Capitalism: How Asia is Driving the Next Great Transformation

By: John A Mathews (Author)

Stanford University Press

Hardback | Dec 2014 | #216496 | ISBN-13: 9780804791502
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NHBS Price: £46.99 $58/€53 approx

About this book

As China, India, and other industrializing giants grow, they are confronted with an inconvenient truth: They cannot rely on the conventions of capitalism as we know them today. Western industrialism has achieved miracles, promoting unprecedented levels of prosperity and raising hundreds of millions out of poverty. Yet, if allowed to proceed unencumbered, this paradigm will do irreversible harm to the planet.

By necessity, a new approach to environmentally conscious development is already emerging in the East, with China leading the way. Positioning its argument against zero-growth advocates and free-market environmentalists, Greening of Capitalism charts this transformation and sketches out a framework for more sustainable capitalism.

State-mandated changes in energy use (as opposed to carbon taxes), a circular flow of resources (as opposed to emissions standards), and the introduction of new financial instruments that support green growth are cornerstones of China's framework. John A. Mathews argues that these tenets will be emulated around the world – first in India and Brazil. In light of this emerging shift, Mathews considers core debates over national security, international relations, and economic policy, ultimately addressing the question of whether these measures will be far-reaching or timely enough to prevent further damage.

"This book dwarfs all others I have read. It has an impressive finish: a blend of neo-Schumpeterian, neo-Gerschenkronian, and neo-Olsonian perspectives which provide a holistic and potent approach for addressing the next great transformation."
– Rajah Rasiah, University of Malaya

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John A. Mathews is Professor of Strategic Management at Macquarie University's Graduate School of Management in Sydney. He is the author of Strategizing, Disequilibrium, and Profit, Dragon Multinational, and Tiger Technology.

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