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

Synopsis

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. The First Great Transformation -- Why Business As Usual Cannot Continue -- From Fossil Fuels To Renewable Energy -- From The Linear To The Circular Economy -- From Generic To Eco-finance -- The Transition To A Green Economy -- From Green Economy To Green Economics -- The Greening Of Capitalism. John A. Mathews. Includes Bibliographical References And Index.