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By Kensei Hiwaki

The various options, values and uncomplicated assumptions on which 'modern' monetary and company concept is predicated don't translate into or express an analogous that means in non-European languages or non-Western cultures as they do in Western societies. This ends up in a mismatch among what have now develop into worldwide monetary values and 'local' cultural ones. Kensei Hiwaki considers a brand new paradigm - sound tradition is required to underpin improvement, employment and exchange, and an optimum improvement direction. this idea is mentioned opposed to the historical past of the author's competition that his personal jap society has succumbed to unsustainable glossy developments resulting in the antithesis of sustainable improvement and putting the society and economic climate in a 'credibility capture' into which it truly is envisioned different international locations, like China, may also fall. Professor Hiwaki offers an in depth theoretical framework for balanced socioeconomic improvement correct to sustainable improvement of the worldwide neighborhood, explaining the pivotal suggestions on which it's established, in addition to the institutional and useful implications of adopting the paradigm, together with new ways to taxation, employment, exchange, multi-media communications, and international governance. "Culture and Economics within the worldwide group" is a not easy yet eventually hopeful booklet that introduces new views for leaders within the political enviornment, in company, in improvement enterprises, and to researchers and others with a certified or educational curiosity in economics, exchange, governance and environmental concerns, social coverage or cultural anthropology.

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Additional resources for Culture and Economics in the Global Community (Transformation and Innovation)

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This page has been left blank intentionally chapter 1 Introductory Remarks on the Contemporary World Today, humanity faces its most serious life-and-death question as the consequence of emancipating all sorts of human lusts—the opening of Pandora’s box. Given the on-going global expansion of economic activities, sooner or later, we may encounter a sudden human demise, either by resource-entangled warfare worldwide or an environmenttriggered global catastrophe. This implies that we must rethink the explosive direction of the modern and contemporary world, which has encouraged the extremely self-centered and lopsided social and politico-economic values relevant to the concepts/phenomena, such as “individual,” “progress,” “growth,” “competition,” “avarice,” “acquisitiveness,” “extravagance” and “aggressiveness,” among others.

Also, I will offer extended discussions on the theoretical ramifications, by explaining society’s Value Aspects in terms of the two-way processes on the normative and analogical development path (Optimal Development Path). I will also delve into a new paradigm of socioeconomic development, which relates to People’s Own Invisible Hands (that complement the classical invisible hand) with the relevant value renewal based on the dynamic and sound Cultural enrichment. Our mathematical derivation of the theoretical framework as well as the detailed theoretical explanations will be relegated to the Theoretical Appendices 1–8 at the end of the book.

They had to face the mounting predicaments of an almost totally weakened social morality, gross degradation of corporate ethics, widespread mammon-ism, exhaustion of local communities, dissipating work motivation of youth, anxiety over social security and future living, a demoralized government seeking bureaucratic pay-off, increasingly unsociable individuals, a rise in the atrocious crimes committed by youth, rapid growth in disparity, increasing disintegration of family, rising irresponsibility of youth and an increase in adult, middle-age suicide, and so on.

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