Culture And Economics In The Global Community: A Framework For Socioeconomic Development (transformation And Innovation)

"Many of the concepts, values and basic assumptions on which ''modern'' economic and business theory is based do not translate into or convey the same meaning in non-European languages or non-Western cultures as they do in Western societies. This results in a mismatch between what have now become global economic values and ''local'' cultural ones. Kensei Hiwaki considers a new paradigm - that a sound culture is needed to underpin development, employment and trade, and an optimal development path. This concept is discussed against the background of the author''s contention that his own Japanese society has succumbed to unsustainable modern tendencies leading to the antithesis of sustainable development and placing the society and economy in a ''credibility trap'' into which it is predicted other countries, like China, might also fall. Professor Hiwaki presents a detailed theoretical framework for balanced socioeconomic development relevant to sustainable development of the global community, explaining the pivotal concepts on which it is based, as well as the institutional and practical implications of adopting the paradigm, including new approaches to taxation, employment, trade, multi-media communications, and global governance. Culture and Economics in the Global Community is a challenging but ultimately hopeful book that introduces new perspectives for leaders in the political arena, in business, in development agencies, and to researchers and others with a professional or academic interest in economics, trade, governance and environmental issues, social policy or cultural anthropology"--EBL Cover......Page 1 Contents......Page 6 List of Figures......Page 12 Foreword......Page 14 Acknowledgements......Page 16 Preface......Page 18 Prologue......Page 22 Methodology for Sustainable Development......Page 32 Vested Interests and the Challenges Ahead......Page 33 The Classical Paradigm Re-Examined......Page 34 The Keynesian Framework Re-Examined......Page 36 Major Ideas for Development in the New Perspective......Page 38 Perroux, Sen and Myrdal for Human Development......Page 41 An Alternative Approach and Core Ideas......Page 42 Organization of This Book......Page 43 PART 1 Unsustainable Modern Expansion......Page 46 1 Introductory Remarks on the Contemporary World......Page 48 Values, Philosophies and Concepts......Page 51 Evolution Hypothesis and Social Progress......Page 53 The Impending Credibility Trap......Page 55 Concluding Remarks: An Alternative Course......Page 57 The Credibility Trap and Cultural Implications......Page 58 The Credibility Trap and Underdevelopment......Page 59 Lack of Mutual Trust and Reliability......Page 61 Concluding Remarks......Page 63 Hasty and Half-Boiled Modernization......Page 64 Post-War Negation of Japan’s Culture......Page 66 Statistical Indications of Social Lethargy......Page 67 Loss of Social Vitality......Page 70 Concluding Remarks......Page 71 The Rise of Communist China and the Cultural Revolution......Page 72 Open-Door Policy and Raw Capitalism......Page 73 Disparity and the Predicament of the Farming Majority......Page 74 Concluding Remarks: China as a Microcosm of the World......Page 76 Market Failure Broadly Defined and Interpreted......Page 78 Economic Globalization and Market Failure......Page 80 Allocation Failure and Human Resources......Page 81 Concluding Remarks......Page 82 A Framework for Classified World Prototypes......Page 84 Market Fundamentalism versus Holistic Culture......Page 86 World of Sound Cultures versus World of Big Market......Page 87 Concluding Remarks......Page 88 Predicaments under Market Fundamentalism......Page 90 Interactions of Conflicting Interests......Page 92 In Search of a Viable World......Page 94 Concluding Remarks......Page 95 PART 2 Theoretical Framework and Ramifications......Page 96 Sustainable Development......Page 98 Holistic Society-Specific Culture......Page 100 Market Fundamentalism and the Big Market......Page 101 Cultures, Market and the Contemporary Human Mindset......Page 102 Culture of Peace......Page 103 Global Humanity......Page 104 New Enlightenment......Page 105 Circles of Expanding Interactions......Page 108 Simplified Systemic Interactions......Page 109 Essentials of Developmental Interactions......Page 111 Essential Strategies for Sustainable Development......Page 112 Concluding Remarks......Page 115 Politico-Legal Environment......Page 116 Value Premises/Assumptions for the Theoretical Framework......Page 119 Optimal Development Path and Balanced Development......Page 121 Own Invisible Hands and Classical Invisible Hand......Page 122 Demand-Supply Consistency......Page 123 Descriptive Process of Development......Page 124 Concluding Remarks......Page 125 Lead-Lag Assumption......Page 128 Optimal Development Path-Based Dynamic Theory of Interest......Page 130 Special Features of the Optimal Development Path......Page 133 Concluding Remarks......Page 134 Imperialist Paths versus Optimal Development Paths......Page 136 Keynesian and Collectivist Policies versus Optimal Development Paths......Page 137 The Japanese Misguided Path versus the Optimal Development Path......Page 138 Concluding Remarks......Page 140 Thought-Frame Enhancement for Value Renewal......Page 142 Own Invisible Hands and Sustainable Development......Page 144 Thought-Frame Enhancement and Maturation Process......Page 146 Concluding Remarks......Page 147 The Sunny-Side Proposition and Extra-Profit Rate......Page 148 The Paradigm Shift and Sustainable Development......Page 150 The Paradigm Shift and Income Distribution......Page 152 Concluding Remarks......Page 153 PART 3 Cultures and Comprehensive Human Development......Page 154 Distorted Creativity in the Contemporary World......Page 156 Harmonious Integration of Opposite Values......Page 157 Sound Creativity and Human Development......Page 158 Concluding Remarks......Page 159 Culturally Distorted Contemporary World......Page 160 Diagrammatical Definition of Sound Culture......Page 162 The Seventeen Article Constitution......Page 163 The Overarching Wisdom Complex......Page 164 The Sound Communal Value System......Page 165 Concluding Remarks......Page 166 Human Development and Modern Rationality......Page 168 Modern Civilization and Cultural Diversity......Page 170 Human Development and New Enlightenment......Page 171 Concluding Remarks......Page 173 Globalization and Important Issues......Page 174 Framework for Multilateral Value Enhancement......Page 176 The Schematized Flow in Human Development......Page 177 New Educational Direction......Page 179 Concrete Educational Innovations......Page 180 Concluding Remarks......Page 182 Innovative Education and Holistic Cultures......Page 184 Modern Education and Personality......Page 185 Market Fundamentalism and Personal Maturation......Page 186 Concluding Remarks......Page 187 PART 4 Methodology for Sustainability......Page 190 Strategic Environment and Cultures......Page 192 Four Functional Approaches......Page 193 Concluding Remarks: Concerted Approach......Page 196 Balanced Socioeconomic Development......Page 198 Theoretical Explanation of Balanced Development......Page 199 Optimal Development Path and Worldwide Social Cost......Page 200 The Global Optimal Development Path and the Analogical World......Page 201 Concluding Remarks......Page 202 The Main Wheel: Human Will and Spirit......Page 204 Global Value-Added Tax......Page 205 Appropriate Use of the Tax Revenue......Page 207 Diagrammatic Explanation of Global Fiscal Policy......Page 208 Global Governance Systems for Sustainability......Page 209 Concluding Remarks......Page 212 Employment, Cultures and Market......Page 214 Employment: Culture versus Market......Page 215 Economic Globalization and Employment......Page 216 Market-Centered Employment......Page 217 Culture-Enhancing Employment......Page 220 Concluding Remarks......Page 222 Backgrounds and Assumptions......Page 224 Economic Discipline and Sustainable Development......Page 225 An Alternative Theory of International Trade......Page 226 Trade as an Interaction for Mutual Maturation......Page 228 Trade as Multimedia Communication......Page 229 Concluding Remarks......Page 231 The Transient Over-Riding the Permanent......Page 234 The Overall Relationship Illustrated......Page 235 Worldwide Campaign for Sustainability......Page 236 Society-Specific Campaign for Sustainability......Page 237 Concluding Remarks......Page 238 PART 5 Harmonious and Integral Development......Page 240 Modern Democracy and Insular Japan......Page 242 “Insularized” Planet Earth......Page 244 New Democracy on the Insular Planet......Page 245 Concluding Remarks......Page 246 Full Life, Good Health and a Meaningful Career......Page 248 Toward Positive Socioeconomic Policy......Page 250 Policy for the Society of Longevity......Page 251 Society of Longevity and Sustainable Development......Page 253 Concluding Remarks......Page 254 Integral Value Development......Page 256 Social Value System and Societal Viability......Page 258 Theory-Pertinent Policy Implications......Page 259 Concluding Remarks......Page 260 Mutual Relationship of Global Issues......Page 262 Relations between Cultures and Global Issues......Page 264 Strategies for the Paradigm Shift......Page 266 Concluding Remarks......Page 269 The Paradigm Shift for Sustainable Development......Page 270 Mutually Supportive Global Issues......Page 271 Diagrammatic Explanation of Virtuous Circles......Page 272 Concluding Remarks......Page 274 Epilogue......Page 276 Theoretical Appendices......Page 288 Bibliography......Page 320 Index......Page 332

Many of the concepts, values and basic assumptions on which 'modern' economic and business theory is based do not translate into or convey the same meaning in non-European languages or non-Western cultures as they do in Western societies. This results in a mismatch between what Many of the concepts, values and basic assumptions on which 'modern' economic and business theory is based do not translate into or convey the same meaning in non-European languages or non-Western cultures as they do in Western societies. This results in a mismatch between what have now become global economic values and 'local' cultural ones. Kensei Hiwaki considers a new paradigm - that a sound culture is needed to underpin development, employment and trade, and an optimal development path. This concept is discussed against the background of the author's contention that his own Japanese society has succumbed to unsustainable modern tendencies leading to the antithesis of sustainable development and placing the society and economy in a 'credibility trap' into which it is predicted other countries, like China, might also fall.

Professor Hiwaki presents a detailed theoretical framework for balanced socioeconomic development relevant to sustainable development of the global community, explaining the pivotal concepts on which it is based, as well as the institutional and practical implications of adopting the paradigm, including new approaches to taxation, employment, trade, multi-media communications, and global governance.

Culture and Economics in the Global Community is a challenging but ultimately hopeful book that introduces new perspectives for leaders in the political arena, in business, in development agencies, and to researchers and others with a professional or academic interest in economics, trade, governance and environmental issues, social policy or cultural anthropology.

Many of the concepts, values and basic assumptions on which'modern'economic and business theory is based do not translate into or convey the same meaning in non-European languages or non-Western cultures as they do in Western societies. This results in a mismatch between what Many of the concepts, values and basic assumptions on which'modern'economic and business theory is based do not translate into or convey the same meaning in non-European languages or non-Western cultures as they do in Western societies. This results in a mismatch between what have now become global economic values and'local'cultural ones. Kensei Hiwaki considers a new paradigm - that a sound culture is needed to underpin development, employment and trade, and an optimal development path. This concept is discussed against the background of the author's contention that his own Japanese society has succumbed to unsustainable modern tendencies leading to the antithesis of sustainable development and placing the society and economy in a'credibility trap'into which it is predicted other countries, like China, might also fall. Professor Hiwaki presents a detailed theoretical framework for balanced socioeconomic development relevant to sustainable development of the global community, explaining the pivotal concepts on which it is based, as well as the institutional and practical implications of adopting the paradigm, including new approaches to taxation, employment, trade, multi-media communications, and global governance. Culture and Economics in the Global Community is a challenging but ultimately hopeful book that introduces new perspectives for leaders in the political arena, in business, in development agencies, and to researchers and others with a professional or academic interest in economics, trade, governance and environmental issues, social policy or cultural anthropology. As part of the Transformation and Innovation Series, Professor Hiwaki presents a detailed theoretical framework for balanced socioeconomic development relevant to sustainable development of the global community. He explains the pivotal concepts on which it is based, as well as the institutional and practical implications of adopting the paradigm. Presents a detailed theoretical framework for balanced socioeconomic development relevant to sustainable development of the global community, explaining the pivotal concepts on which it is based, and the institutional and practical implications of adopting the paradigm, including new approaches to taxation, employment, and global governance.