Corporation 2020

Corporation 2020

Transforming Business for Tomorrow's World

Book - 2012
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There is an emerging consensus that all is not well with today’s market-centric economic model. Although it has pulled millions out of poverty over the last half-century, it creates recession, unemployment, ecological scarcity, and environmental risk, and widens the gap between the rich and the poor. The result is the broken system of social inequity, environmental degradation, and political manipulation that marks today’s corporations.

Business needs a new DNA to enact the comprehensive approach we need. Pavan Sukhdev lays out a sweeping new vision for tomorrow’s corporation: one that will increase social equity, decrease environmental risks, and still generate profit. Through a combination of internal changes in corporate governance and external regulations and policies,Corporation 2020 can become a reality—and it must, argues Sukhdev, if we are to avert catastrophic social imbalance and ecological harm.

Corporation 2020 presents new approaches to measuring the true costs of business and its obligation to society. From his insightful look into the history of the corporation to his thoughtful discussion of the steps needed to craft a better corporate model, Sukhdev offers a hopeful vision for the role of business in shaping a more equitable, sustainable future.

There is an emerging consensus that all is not well with today’s market-centric economic model. Although it has delivered wealth over the last half century and pulled millions out of poverty, it is recession-prone, leaves too many unemployed, creates ecological scarcities and environmental risks, and widens the gap between the rich and the poor. Around $1 trillion a year in perverse subsidies and barriers to entry for alternative products maintain “business-as-usual” while obscuring their associated environmental and societal costs. The result is the broken system of social inequity, environmental degradation, and political manipulation that marks today’s corporations.
 
We aren’t stuck with this dysfunctional corporate model, but business needs a new DNA if it is to enact the comprehensive approach we need. Pavan Sukhdev lays out a sweeping new vision for tomorrow’s corporation: one that will increase human wellbeing and social equity, decrease environmental risks and ecological losses, and still generate profit. Through a combination of internal changes in corporate governance and external regulations and policies,Corporation 2020 can become a reality in the next decade—and it must, argues Sukhdev, if we are to avert catastrophic social imbalance and ecological harm.
 
Corporation 2020 presents new approaches to measuring the true costs of business and the corporation’s obligation to society. From his insightful look into the history of the corporation to his thoughtful discussion of the steps needed to craft a better corporate model, Sukhdev offers a hopeful vision for the role of business in shaping a more equitable, sustainable future.

Book News
At last, a highly qualified economics expert presents a radical vision for building a new economy. Sukhdev, a visiting fellow at Yale University and invited speaker at the World Economic Forum at Davos in 2010 and 2011, critiques the current market-centric economic and corporate models, then presents a new model of the corporation and explains how to create it through regulations and incentives. Much of his argument rests on the UN Environment Program's Green Economy Initiative, which shows that building a new economy that promotes economic development and social equity while reducing environmental risks is possible. Discussion centers on four areas likely to make the most difference: corporate goal alignment with society, the corporation as community, the corporation as institute, and the corporation as a capital factory. Author Sukhdev serves on the boards of Conservation International and the Stockholm Resilience Center. Annotation ©2013 Book News, Inc., Portland, OR (booknews.com)

Publisher: Washington, DC : Island Press, c2012
Description: xvi, 275 p. : ill. ; 24 cm
ISBN: 9781610912389
1610912381
9781610912396
161091239X
Branch Call Number: 658.408 Suk

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