Regional Change In Industrializing Asia

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Regional Change in Industrializing Asia

Author : Leo van Grunsven
Publisher : Routledge
ISBN 13 : 0429816316
Total Pages : 282 pages
Book Rating : 4.4/5 (298 download)

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Book Synopsis Regional Change in Industrializing Asia by : Leo van Grunsven

Download or read book Regional Change in Industrializing Asia written by Leo van Grunsven and published by Routledge. This book was released on 2019-01-04 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1998 this boo responds to the dynamics of Industrializing Asia and the behavioural changes of actors which, in response to changing internal and external forces, have given rise to and are constantly giving rise to alterations in patterns of growth. From a geographical perspective, these are expressed in regional change, understood as a reconstruction of spatial organization. The imperatives of dynamic comparative advantage, changing global or regional competitiveness, and regional competition, faced by different actors, entities or territorial units can be identified as important forces underlying and shaping regional change. This volume provides further illumination, contextualization and interpretation of the spatiality of the economic reality in Industrializing Asia, as well as the role played by, and the implications for, different actors. The objectives of this book are 1) to outline the processes of regional change, linked to responses in the form of restructuring and integrative and regionalization tendencies, as well as the realignment of the global-regional-local divide in production systems/complexes and the operation of firms associated with reorganization of production in the process of maintaining and reconfiguring comparative advantage; 2) to highlight the wide scope of the process by considering differential units of analysis, linked to the agents and manifestations of regional change, and the role of scale in terms of the spatial units involved; 3) to highlight the implications as to the current and future position or role of differential actors/agents (particularly nation state) in shaping the new economic reality in the region and as a corollary, its positioning in the global economic order.

Innovation and Industrialization in Asia

Author : Rajah Rasiah
Publisher : Routledge
ISBN 13 : 1135703205
Total Pages : 168 pages
Book Rating : 4.1/5 (357 download)

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Book Synopsis Innovation and Industrialization in Asia by : Rajah Rasiah

Download or read book Innovation and Industrialization in Asia written by Rajah Rasiah and published by Routledge. This book was released on 2013-09-13 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Existing accounts of East Asia’s meteoric growth and structural change has either been explained as one dictated essentially by markets with strong macroeconomic fundamentals, or a consequence of proactive governments. This book departs from such a dichotomy by examining inductively the drivers of the experiences. Given the evolutionary treatment of each economic good and service as different, this book examines technological catch up with a strong focus on the industries contributing significantly to the economic growth of the countries selected in Asia. The evidence produced supports the evolutionary logic of macro, meso and micro interactions between several institutions, depending on the actors involved, structural location and typology of taxonomies and trajectories. The book carefully picks out experiences from the populous economies of China, India and Indonesia, the high income economies of Korea and Taiwan, the middle income economies of Malaysia and Thailand, and the transitional least developed country of Myanmar. Chapters 1-7 of this book were originally published as a special issue of Journal of the Asia Pacific Economy.

An Economic History of Regional Industrialization

Author : Bas van Leeuwen
Publisher : Routledge
ISBN 13 : 0429513550
Total Pages : 265 pages
Book Rating : 4.4/5 (295 download)

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Book Synopsis An Economic History of Regional Industrialization by : Bas van Leeuwen

Download or read book An Economic History of Regional Industrialization written by Bas van Leeuwen and published by Routledge. This book was released on 2020-10-22 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a comprehensive study of regional industrialization in Europe and Asia from the early nineteenth century to the present. Using case studies on regional industrialization, the book provides insights into similarities and differences in industrialization processes between European, Eurasian and Asian countries. Important factors include the transition from traditional to modern industrial production, industrial policy, agglomeration forces, market integration, and the determinants of industrial location over time. The book is an invaluable reference that attempts to bridge the fields of economic history, political history, economic geography, and economics while contributing to the debates on economic divergence between Europe and Asia as well as on the role of economic integration and globalization.

Manufacturing Miracles

Author : Gary Gereffi
Publisher : Princeton University Press
ISBN 13 : 1400862035
Total Pages : 433 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Manufacturing Miracles by : Gary Gereffi

Download or read book Manufacturing Miracles written by Gary Gereffi and published by Princeton University Press. This book was released on 2014-07-14 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: Few observers of Mexico and Brazil in the 1930s, or South Korea and Taiwan in the mid-1950s, would have predicted that these nations would become economic "miracles" several decades later. These newly industrializing countries (NICs) challenge much of our conventional wisdom about economic development and raise important questions about international competitiveness and export success in manufacturing industries. In this volume economists, sociologists, and political scientists seek to explain the growth of the NICs in Latin America and East Asia and to reformulate contemporary development theory through an in-depth analysis of these two dynamic regions. Gary Gereffi and Colin I. Bradford, Jr., provide an overview of national development trajectories in Latin America and East Asia, while Barbara Stallings, Gereffi, Robert R. Kaufman, Tun-jen Cheng, and Frederic C. Deyo discuss the role of foreign capital, governments, and domestic coalitions in shaping development outcomes. Gustav Ranis, Robert Wade, Chi Schive, and Ren Villarreal look at the impact of economic policies on industrial performance, and Fernando Fajnzylber, Ronald Dore, and Christopher Ellison with Gereffi examine new agendas for comparative development research. Originally published in 1990. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Southeast Asia's Industrialization

Author : K. Jomo
Publisher : Springer
ISBN 13 : 113700231X
Total Pages : 368 pages
Book Rating : 4.1/5 (37 download)

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Book Synopsis Southeast Asia's Industrialization by : K. Jomo

Download or read book Southeast Asia's Industrialization written by K. Jomo and published by Springer. This book was released on 2001-10-02 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on a wide range of expertise, this volume addresses fundamental issues surrounding industrialization in Southeast Asia, which are particularly pressing now that the region's miracle has been transformed into a debacle, and the world seeks to draw lessons from the experience. The contributors address crucial questions such as: How did Southeast Asia industrialize? What have been the consequences of domination by foreign investment? Did the region's resource wealth weaken its imperative to industrialize? Why else has Southeast Asia's industrialization been inferior to the rest of the East Asian region? Did the countries' financial systems help industrialization? Was this industrialization sustainable? The volume includes detailed studies of Singapore, Malaysia, Thailand and Indonesia.

Emerging States and Economies

Author : Takashi Shiraishi
Publisher : Springer
ISBN 13 : 9811326347
Total Pages : 183 pages
Book Rating : 4.8/5 (113 download)

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Book Synopsis Emerging States and Economies by : Takashi Shiraishi

Download or read book Emerging States and Economies written by Takashi Shiraishi and published by Springer. This book was released on 2018-11-19 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book asks why and how some of the developing countries have “emerged” under a set of similar global conditions, what led individual countries to choose the particular paths that led to their “emergence,” and what challenges confront them. If we are to understand the nature of major risks and uncertainties in the world, we must look squarely at the political and economic dynamics of emerging states, such as China, India, Brazil, Russia, and ASEAN countries. Their rapid economic development has changed the distribution of wealth and power in the world. Yet many of them have middle income status. To global governance issues, they tend to adopt approaches that differ from those of advanced industrialized democracies. At home, rapid economic growth and social changes put pressure on their institutions to change. This volume traces the historical trajectories of two major emerging states, China and India, and two city states, Hong Kong and Singapore. It also analyzes cross-country data to find the general patterns of economic development and sociopolitical change in relation to globalization and to the middle income trap.

Pathways to Industrialization in the Twenty-First Century

Author : Adam Szirmai
Publisher : Wider Studies in Development E
ISBN 13 : 0199667853
Total Pages : 466 pages
Book Rating : 4.1/5 (996 download)

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Book Synopsis Pathways to Industrialization in the Twenty-First Century by : Adam Szirmai

Download or read book Pathways to Industrialization in the Twenty-First Century written by Adam Szirmai and published by Wider Studies in Development E. This book was released on 2013-02-28 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with the importance of industrialization and the development of manufacturing in the economic development process. It focuses specifically on new challenges such as global value chains, the rise of China, climate change, and the role of state versus private sector entrepreneurs in forging appropriate industrial policies.

Asian Transformations

Author : Deepak Nayyar
Publisher : Oxford University Press
ISBN 13 : 019884493X
Total Pages : 602 pages
Book Rating : 4.1/5 (988 download)

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Book Synopsis Asian Transformations by : Deepak Nayyar

Download or read book Asian Transformations written by Deepak Nayyar and published by Oxford University Press. This book was released on 2019 with total page 602 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gunnar Myrdal published his magnum opus, Asian Drama: An Inquiry into the Poverty of Nations, in 1968. He was deeply pessimistic about development prospects in Asia. The fifty years since then have witnessed a remarkable social and economic transformation in Asia - even if it has been uneven across countries and unequal between people - that would have been difficult to imagine, let alone predict at the time. Asian Transformations: An Inquiry into the Development of Nations analyses the fascinating story of economic development in Asia spanning half a century. Asian Transformations sets the stage by discussing the contribution of Gunnar Myrdal to the debate on development then and now and providing a long-term historical perspective on Asia in the world. It then uses cross-country thematic studies on governments, economic openness, agricultural transformation, industrialization, macroeconomics, poverty and inequality, education and health, employment and unemployment, institutions, and nationalisms to analyse processes of change while recognizing the diversity in paths and outcomes. Specific country studies on China, India, Indonesia and Vietnam, and sub-region studies on East Asia, Southeast Asia, and South Asia, further highlight turning points in economic performance and demonstrate factors underlying success or failure. Including in-depth studies by eminent economists and social scientists, Asian Transformations comprehensively examines the phenomenal changes that are transforming economies in Asia and shifting the balance of economic power in the world and reflects on the future prospects for this continent over the next twenty-five years. It is a cohesive and multi-disciplinary study of a rapidly changing economic landscape, and makes an important contribution to understanding the complexities and processes of development from different perspectives.

Resurgent Asia

Author : Deepak Nayyar
Publisher : Oxford University Press
ISBN 13 : 0198849516
Total Pages : 316 pages
Book Rating : 4.1/5 (988 download)

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Book Synopsis Resurgent Asia by : Deepak Nayyar

Download or read book Resurgent Asia written by Deepak Nayyar and published by Oxford University Press. This book was released on 2019 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Resurgent Asia analyses the phenomenal transformation of Asia, which would have been difficult to imagine, let alone predict, fifty years ago, when Gunnar Myrdal published Asian Drama. In doing so, it provides an analytical narrative of this remarkable story of economic development, situated in its wider context of historical, political, and social factors, and an economic analysis of the underlying factors, with a focus on critical issues in the process of, and outcomes in, development. In 1970, Asia was the poorest continent in the world, marginal except for its large population. By 2016, it accounted for three-tenths of world income, two-fifths of world manufacturing, and one-third of world trade, while its income per capita converged towards the world average. However, this transformation was associated with unequal outcomes across countries and between people. The analysis disaggregates Asia into its four constituent sub-regions--East, Southeast, South, and West--and further into fourteen economies--China, India, South Korea, Indonesia, Turkey, Taiwan, Thailand, Philippines, Malaysia, Singapore, Pakistan, Bangladesh, Vietnam, and Sri Lanka--which account for more than four-fifths of its population and income. This book enhances our understanding of development processes and outcomes in Asia over the past fifty years, draws out the analytical conclusions that contribute to contemporary debates on development, and highlights some lessons from the Asian experience for countries elsewhere. It is the first to examine the phenomenal changes that are transforming economies in Asia and shifting the balance of economic power in the world, while reflecting on the future prospects in Asia over the next twenty-five years. A rich, engaging, and fascinating read.

Strategic Coupling

Author : Henry Wai-chung Yeung
Publisher : Cornell University Press
ISBN 13 : 1501704265
Total Pages : 309 pages
Book Rating : 4.5/5 (17 download)

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Book Synopsis Strategic Coupling by : Henry Wai-chung Yeung

Download or read book Strategic Coupling written by Henry Wai-chung Yeung and published by Cornell University Press. This book was released on 2016-05-24 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Strategic Coupling, Henry Wai-chung Yeung examines economic development and state-firm relations in East Asia, focusing in particular on South Korea, Taiwan, and Singapore. As a result of the massive changes of the last twenty-five years, new explanations must be found for the economic success and industrial transformation in the region. State-assisted startups and incubator firms in East Asia have become major players in the manufacture of products with a global reach: Taiwan's Hon Hai Precision has assembled more than 500 million iPhones, for instance, and South Korea’s Samsung provides the iPhone’s semiconductor chips and retina displays.Drawing on extensive interviews with top executives and senior government officials, Yeung argues that since the late 1980s, many East Asian firms have outgrown their home states, and are no longer dependent on state support; as a result the developmental state has lost much of its capacity to steer and direct industrialization. We cannot read the performance of national firms as a direct outcome of state action. Yeung calls for a thorough renovation of the still-dominant view that states are the primary engine of industrial transformation. He stresses action by national firms and traces various global production networks to incorporate both firm-specific activities and the international political economy. He identifies two sets of dynamics in these national-global articulations known as strategic coupling: coevolution in the confluence of state, firm, and global production networks, and the various strategies pursued by East Asian firms to attain competitive positions in the global marketplace.

The Asian 21st Century

Author : Kishore Mahbubani
Publisher : Springer Nature
ISBN 13 : 9811668116
Total Pages : 250 pages
Book Rating : 4.8/5 (116 download)

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Book Synopsis The Asian 21st Century by : Kishore Mahbubani

Download or read book The Asian 21st Century written by Kishore Mahbubani and published by Springer Nature. This book was released on 2022 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book consists of essays written by Kishore Mahbubani to explore the challenges and dilemmas faced by the West and Asia in an increasingly interdependent world village and intensifying geopolitical competition. The contents cover four parts: Part One The End of the Era of Western Domination. The major strategic error that the West is now making is to refuse to accept this reality. The West needs to learn how to act strategically in a world where they are no longer the number 1. Part Two The Return of Asia. From the years 1 to 1820, the largest economies in the world were Asian. After 1820 and the rise of the West, however, great Asian civilizations like China and India were dominated and humiliated. The twenty-first century will see the return of Asia to the center of the world stage. Part Three The Peaceful Rise of China. The shift in the balance of power to the East has been most pronounced in the rise of China. While this rise has been peaceful, many in the West have responded with considerable concern over the influence China will have on the world order. Part Four Globalization, Multilateralism and Cooperation. Many of the world's pressing issues, such as COVID-19 and climate change, are global issues and will require global cooperation to deal with. In short, human beings now live in a global village. States must work with each other, and we need a world order that enables and facilitates cooperation in our global village.

Paths to the Emerging State in Asia and Africa

Author : Keijiro Otsuka
Publisher : Springer
ISBN 13 : 9811331316
Total Pages : 305 pages
Book Rating : 4.8/5 (113 download)

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Book Synopsis Paths to the Emerging State in Asia and Africa by : Keijiro Otsuka

Download or read book Paths to the Emerging State in Asia and Africa written by Keijiro Otsuka and published by Springer. This book was released on 2019-01-16 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is open access under a CC BY-NC-ND license. This book addresses the issue of how a country, which was incorporated into the world economy as a periphery, could make a transition to the emerging state, capable of undertaking the task of economic development and industrialization. It offers historical and contemporary case studies of transition, as well as the international background under which such a transition was successfully made (or delayed), by combining the approaches of economic history and development economics. Its aim is to identify relevant historical contexts, that is, the ‘initial conditions’ and internal and external forces which governed the transition. It also aims to understand what current low-income developing countries require for their transition. Three economic driving forces for the transition are identified. They are: (1) labor-intensive industrialization, which offers ample employment opportunities for labor force; (2) international trade, which facilitates efficient international division of labor; and (3) agricultural development, which improves food security by increasing supply of staple foods. The book presents a bold account of each driver for the transition.

The Return of the Policy That Shall Not Be Named: Principles of Industrial Policy

Author : Reda Cherif
Publisher : International Monetary Fund
ISBN 13 : 1498305563
Total Pages : 79 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Return of the Policy That Shall Not Be Named: Principles of Industrial Policy by : Reda Cherif

Download or read book The Return of the Policy That Shall Not Be Named: Principles of Industrial Policy written by Reda Cherif and published by International Monetary Fund. This book was released on 2019-03-26 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the success of the Asian Miracles with industrial policy stands as an uncomfortable story that many ignore or claim it cannot be replicated. Using a theory and empirical evidence, we argue that one can learn more from miracles than failures. We suggest three key principles behind their success: (i) the support of domestic producers in sophisticated industries, beyond the initial comparative advantage; (ii) export orientation; and (iii) the pursuit of fierce competition with strict accountability.

The Fourth Industrial Revolution

Author : Klaus Schwab
Publisher : Crown Currency
ISBN 13 : 1524758876
Total Pages : 194 pages
Book Rating : 4.5/5 (247 download)

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Book Synopsis The Fourth Industrial Revolution by : Klaus Schwab

Download or read book The Fourth Industrial Revolution written by Klaus Schwab and published by Crown Currency. This book was released on 2017-01-03 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wearable sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manufacturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individuals. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frameworks that advance progress.

New Economic Spaces in Asian Cities

Author : Peter W. Daniels
Publisher : Taylor & Francis
ISBN 13 : 113527259X
Total Pages : 322 pages
Book Rating : 4.1/5 (352 download)

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Book Synopsis New Economic Spaces in Asian Cities by : Peter W. Daniels

Download or read book New Economic Spaces in Asian Cities written by Peter W. Daniels and published by Taylor & Francis. This book was released on 2012-04-27 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: The East and Southeast Asia region constitutes the world’s most compelling theatre of accelerated globalization and industrial restructuring. Following a spectacular realization of the ‘industrialization paradigm’ and a period of services-led growth, the early twenty-first century economic landscape among leading Asian states now comprises a burgeoning ‘New Economy’ spectrum of the most advanced industrial trajectories, including finance, the knowledge economy and the ‘new cultural economy’. In an agenda-setting volume, New Economic Spaces in Asian Cities draws on stimulating research conducted by a new generation of urban scholars to generate critical analysis and theoretical insights on the New Economy phenomenon within Asia. New industry formation and the transformation of older economic practices constitute instruments of development, as well as signifiers of larger processes of change, expressed in the reproduction of space in the city. Asia’s major cities become the key staging areas for the New Economy, driven by the growing wealth of an urban middle and professional class, higher education institutions, city-based inter-regional movements and urban mega-projects. New Economic Spaces in Asian Cites animates this New Economy discourse by means of vibrant storylines of instructive cities and sites, including cases studies situated in cities such as Tokyo, Seoul, Shanghai, Beijing, Shenzhen, and Singapore. Theoretical and normative issues associated with the emergence of the new cultural economy are the subject of the book’s context-setting chapters, and each case study presents an evocative narrative of development interdependencies and exemplary outcomes on the ground. New Economic Spaces in Asian Cities offers a vivid contribution to our understanding of the ongoing transformation of Asia’s urban system, including the critical intersections of global and local-regional dynamics in processes of new industry formation and the relayering of space in the Asian metropolis. The synthesis of empirical profiles, normative insights, and theoretical reference points enhances the book’s interest for scholars and students in fields of Asian studies, urban and cultural studies, and urban and economic geography, as well as for policy specialists and urban/community planners.

Mobilizing for Development

Author : Kristen E. Looney
Publisher : Cornell University Press
ISBN 13 : 1501748858
Total Pages : 340 pages
Book Rating : 4.5/5 (17 download)

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Book Synopsis Mobilizing for Development by : Kristen E. Looney

Download or read book Mobilizing for Development written by Kristen E. Looney and published by Cornell University Press. This book was released on 2020-05-15 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mobilizing for Development tackles the question of how countries achieve rural development and offers a new way of thinking about East Asia's political economy that challenges the developmental state paradigm. Through a comparison of Taiwan (1950s–1970s), South Korea (1950s–1970s), and China (1980s–2000s), Kristen E. Looney shows that different types of development outcomes—improvements in agricultural production, rural living standards, and the village environment—were realized to different degrees, at different times, and in different ways. She argues that rural modernization campaigns, defined as policies demanding high levels of mobilization to effect dramatic change, played a central role in the region and that divergent development outcomes can be attributed to the interplay between campaigns and institutions. The analysis departs from common portrayals of the developmental state as wholly technocratic and demonstrates that rural development was not just a byproduct of industrialization. Looney's research is based on several years of fieldwork in Asia and makes a unique contribution by systematically comparing China's development experience with other countries. Relevant to political science, economic history, rural sociology, and Asian Studies, the book enriches our understanding of state-led development and agrarian change.

Stakeholder Capitalism

Author : Klaus Schwab
Publisher : John Wiley & Sons
ISBN 13 : 1119756138
Total Pages : 311 pages
Book Rating : 4.1/5 (197 download)

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Book Synopsis Stakeholder Capitalism by : Klaus Schwab

Download or read book Stakeholder Capitalism written by Klaus Schwab and published by John Wiley & Sons. This book was released on 2021-01-27 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reimagining our global economy so it becomes more sustainable and prosperous for all 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.