Capitalism, Global Change and Sustainable Development

This book analyzes new forms of capitalism that are manifesting under the pressures of global transformation and seeks to reconcile economic growth with environmental and social sustainability. It includes the development of digital technologies and global value chains, immigration, sustainable development transformation, productivity and social rights, automation and global value chains, the energy transition, and innovation and sustainable growth.

Format: Paperback / softback
Length: 270 pages
Publication date: 27 June 2021
Publisher: Springer Nature Switzerland AG

This comprehensive book delves into the emerging forms of capitalism that are shaped by the forces of global transformation. By meticulously examining economic and environmental indicators across different regions worldwide, it aims to achieve a harmonious balance between economic growth and environmental and social sustainability, a crucial concern for both developed and emerging economies. These indicators encompass the rapid proliferation of digital technologies and the formation of new global value chains, which are reshaping economies and societies on a global scale. The contributing authors also address a range of pressing issues, including immigration, sustainable development transformations, the interconnectedness between productivity and social rights, the impact of automation and global value chains, the energy transition, and the role of innovation in fostering sustainable growth. Through in-depth analysis and insightful perspectives, this book provides valuable insights into the complex dynamics of contemporary capitalism and offers practical solutions for achieving a more sustainable and equitable future.

Introduction:
The world is undergoing a profound transformation driven by rapid technological advancements, global interconnectedness, and environmental concerns. As a result, new forms of capitalism are emerging to address these challenges and adapt to the changing economic landscape. This book aims to analyze these emerging forms of capitalism and explore their implications for economic growth, social sustainability, and the overall well-being of societies.

Emerging Forms of Capitalism:
The book identifies several key trends that are shaping the new forms of capitalism. One of these is the increasing importance of digital technologies and the internet in driving economic growth and innovation. The rise of platforms such as Uber, Airbnb, and Amazon has disrupted traditional business models and created new opportunities for entrepreneurs and consumers alike. Another trend is the growth of global value chains, which involve the production and distribution of goods and services across multiple countries. This has led to increased efficiency, reduced costs, and greater market access, but it has also raised concerns about labor rights, environmental sustainability, and inequality.

Balancing Economic Growth and Environmental and Social Sustainability:
One of the central challenges of the new forms of capitalism is reconciling economic growth with environmental and social sustainability. The book argues that achieving this balance is essential for long-term economic stability and social well-being. The authors suggest that policymakers and businesses should prioritize sustainable practices, such as renewable energy, waste reduction, and social inclusion, while also promoting economic growth through innovation and investment.

Immigration and the Global Labor Market:
Immigration is another important issue that is shaping the new forms of capitalism. The increasing mobility of people across borders has led to a growing demand for labor in developed countries, while also creating challenges for host countries in terms of integration, social cohesion, and economic development. The book explores the implications of immigration for the global labor market, including the impact on wages, employment opportunities, and social rights.

Sustainable Development Transformations:
Sustainable development transformations are another critical aspect of the new forms of capitalism. The book argues that businesses and policymakers should prioritize sustainable development goals, such as reducing poverty, promoting gender equality, and protecting the environment. This requires a shift towards more circular economic models, where waste and pollution are minimized, and resources are used efficiently and sustainably.

Productivity and Social Rights:
The relationship between productivity and social rights is another important issue that the book explores. The authors argue that increased productivity should not come at the expense of social rights, such as healthcare, education, and social security. Instead, they suggest that businesses should prioritize social responsibility and invest in human capital to ensure the well-being of their employees and the broader community.

Automation and Global Value Chains:
The impact of automation and technology on the global labor market is another topic that the book addresses. While automation has led to increased efficiency and productivity, it has also led to job displacement and wage stagnation for some workers. The book explores the implications of automation for global value chains, including the potential for increased inequality and the need for policies to support workers during the transition.

Energy Transition:
The transition to renewable energy sources is another critical aspect of the new forms of capitalism. The book argues that the shift to sustainable energy is essential for mitigating climate change and promoting economic growth. It highlights the need for policies and investments to support the development of renewable energy technologies, as well as the importance of reducing energy consumption and promoting energy efficiency.

Innovation and Sustainable Growth:
Finally, the book emphasizes the role of innovation in fostering sustainable growth. The authors argue that businesses and policymakers should prioritize innovation in developing new products and services that are environmentally friendly, socially responsible, and economically viable. This requires a shift towards a more circular economy, where waste and pollution are minimized, and resources are used efficiently and sustainably.

Conclusion:
In conclusion, this book provides a comprehensive analysis of the emerging forms of capitalism and their implications for economic growth, social sustainability, and the overall well-being of societies. The authors argue that achieving a harmonious balance between economic growth and environmental and social sustainability is essential for the long-term success of businesses and economies. By prioritizing sustainable practices, promoting social responsibility, and investing in innovation, we can create a more sustainable and equitable future for all.

Weight: 454g
Dimension: 235 x 155 (mm)
ISBN-13: 9783030461454
Edition number: 1st ed. 2020