Citizen G'kar: Musings on Earth

January 01, 2005

A New Year's Resolution for International Business

Cyndy shared with us an idea contained a newly released book. The author has a very interesting idea for a New Years resolution for international business. Viewing the world as a profit center for the next 50 years, sustainability of earth and the development of the poor third world countries becomes a priority. Interestingly enough, this becomes a potential solution to Islamist terrorism. Create jobs and economic stability in Muslim countries, and remove the hotbed of despair, alienation, and hatred.

 [mousemusings]

According to author Stuart Hart, sustainable global enterprise holds the key to reducing poverty, reversing environmental destruction, and even counteracting terrorism.

SocialFunds.com -- Cornell and University of North Carolina Business Professor Stuart Hart's Capitalism at the Crossroads perfectly complements University of Michigan Business Professor C. K. Prahalad's The Fortune at the Bottom of the Pyramid, perhaps even surpassing it in significance. The two professors collaborated from 1998 through 2002 on the seminal article that gave birth to the "bottom of the pyramid" (BOP) concept that Prof. Prahalad explains so eloquently in his book (see related book review). The BOP market theory holds that multinational corporations (MNCs) can simultaneously profit and help reduce global poverty by serving a market they have largely ignored until recently: the 4 billion people in the world living on less than $2 a day.

As good as Prof. Prahalad's book is, however, it leaves unanswered the question of how the BOP theory fits into the larger context of sustainability, particularly environmental sustainability. Prof. Hart's book not only answers this question, but also presents a comprehensive and compelling argument that capitalism cannot afford to ignore sustainability--indeed, that capitalism will thrive by embracing sustainability (and vice versa). continue reading



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