Standing on the Sun How the Explosion of Capitalism Abroad Will Change Business Everywhere

ISBN-10: 1422131688
ISBN-13: 9781422131688
Edition: 2012
List price: $27.95
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Description: For half a century the US has sat at the center of the global economic system, and Western-style capitalism has dominated. Now, it's no secret that the center of gravity is shifting. The advanced economies that in 2000 consumed 75% of the world's  More...

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Book details

List price: $27.95
Copyright year: 2012
Publisher: Harvard Business Review Press
Publication date: 2/7/2012
Binding: Hardcover
Pages: 352
Size: 6.25" wide x 9.50" long x 1.25" tall
Weight: 1.320
Language: English

For half a century the US has sat at the center of the global economic system, and Western-style capitalism has dominated. Now, it's no secret that the center of gravity is shifting. The advanced economies that in 2000 consumed 75% of the world's output will, by 2050, consume just 32%. Meanwhile, the emerging economies of the world--Brazil, India, China, and others--will surge forward. As these fast-growing, low-income economies mature, will they adopt the practices of the old guard? Or will they make their own way, and create the next prevailing version of capitalism? What new opportunities will that create for firms around the world? Standing on the Suntackles these questions with fresh ideas and provocative examples. Based on firsthand observations of companies defying capitalism's old rules yet prospering, the authors outline new principles for commercial success. Among them: The obsession with return on equity gives way to more broad-based measurements of success Adam Smith's invisible hand of the market is redeemed by the "invisible handshake" of collaborative networks Businesses take ownership of the impacts they now call "externalities" Those who need to understand the emerging shape of global capitalism will benefit from Standing on the Sun.

Christopher Meyer is an expert on the changes in information economy. Meyer is currently director of the Ernst & Young Center for Business Innovation and president of Bios GP, a subsidiary of Ernst & Young. Meyer co-authored "Blur: The Speed of Change in the Connected Economy."

Introduction
The center of capitalism?
Capitalism Adapts
Capitalism's New Center of Gravity
The shifting environment of the global economy
Cambrian Capitalism
Runaway feedback, the peacock's tale, and the evolution of capitalism
Runaways and Renaissance
Capitalism in Color
What doesn't get measured … needs to be
Embracing Externalities
How corporations will adapt to new forms of feedback
Pseudocompetition
Killing the sacred cow of capitalism
The Invisible Handshake
Collaborative production as the world's business model
The Fourth Sector
The social sector as capitalism's R&D lab
Moving On
Call It Capitalism …
Global monopolies and national business models
… And Move On
The new multinational as the vector of economic evolution
Epilogue
Notes
Bibliography
Index
Acknowledgments
About the Authors

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