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RM89.90
KLAUS SCHWAB, Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet
Price RM89.90
Product SKU 978-1119756132
Size (L x W x H) 24 cm x 16 cm x 3 cm
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Description

Our global economic system is broken. But we can replace the current picture of global upheaval, unsustainability, and uncertainty with one of an economy that works for all people, and the planet. First, we must eliminate rising income inequality within societies where productivity and wage growth has slowed. Second, we must reduce the dampening effect of monopoly market power wielded by large corporations on innovation and productivity gains. And finally, the short-sighted exploitation of natural resources that is corroding the environment and affecting the lives of many for the worse must end.

The debate over the causes of the broken economy―laissez-faire government, poorly managed globalization, the rise of technology in favor of the few, or yet another reason―is wide open. Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet argues convincingly that if we don't start with recognizing the true shape of our problems, our current system will continue to fail us. To help us see our challenges more clearly, Schwab―the Founder and Executive Chairman of the World Economic Forum―looks for the real causes of our system's shortcomings, and for solutions in best practices from around the world in places as diverse as China, Denmark, Ethiopia, Germany, Indonesia, New Zealand, and Singapore. And in doing so, Schwab finds emerging examples of new ways of doing things that provide grounds for hope, including:

  • Individual agency: how countries and policies can make a difference against large external forces
  • A clearly defined social contract: agreement on shared values and goals allows government, business, and individuals to produce the most optimal outcomes
  • Planning for future generations: short-sighted presentism harms our shared future, and that of those yet to be born
  • Better measures of economic success: move beyond a myopic focus on GDP to more complete, human-scaled measures of societal flourishing

By accurately describing our real situation, Stakeholder Capitalism is able to pinpoint achievable ways to deal with our problems. Chapter by chapter, Professor Schwab shows us that there are ways for everyone at all levels of society to reshape the broken pieces of the global economy and―country by country, company by company, and citizen by citizen―glue them back together in a way that benefits us all.
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Professor KLAUS SCHWAB (1938, Ravensburg, Germany) is the Founder and Executive Chairman of the World Economic Forum. In 1971, he published Modern Enterprise Management in Mechanical Engineering. He argues in that book that a company must serve not only shareholders but all stakeholders to achieve long-term growth and prosperity. To promote the stakeholder concept, he founded the World Economic Forum the same year.

Professor Schwab holds doctorates in Economics (University of Fribourg) and in Engineering (Swiss Federal Institute of Technology) and obtained a master’s degree in Public Administration (MPA) from the Kennedy School of Government at Harvard University. In 1972, in addition to his leadership role at the Forum, he became a professor at the University of Geneva. He has since received numerous international and national honours, including 17 honorary doctorates. His latest books are The Great Narrative (2022), Stakeholder Capitalism (2021), The Great Reset (2020), Shaping the Future of the Fourth Industrial Revolution (2018), and The Fourth Industrial Revolution (2016).