Archive for January, 2011

The U.S. and China: Who Wins Which Race – To The Top Or Bottom?

During the recent Christmas holidays, the Financial Times noted a popular email lament circulating in China: “Can’t afford to be born because a caesarean costs…can’t afford to study because schools cost at least…can’t afford to live anywhere because each square meter is at least…can’t afford to get sick because pharmaceutical profits are at least tenfold…can’t afford to die because cremation costs at least…” – wry evidence of the growing backlash generated by unbearable income divides accruing in the face of China’s unsustainable growth model. (more…)

Creating Shared Value | Harvard Business Review

by Michael E. Porter and Mark R. Kramer

The capitalist system is under siege. In recent years business increasingly has been viewed as a major cause of social, environmental, and economic problems. Companies are widely perceived to be prospering at the expense of the broader community.

Even worse, the more business has begun to embrace corporate responsibility, the more it has been blamed for society’s failures. The legitimacy of business has fallen to levels not seen in recent history. This diminished trust in business leads political leaders to set policies that undermine competitiveness and sap economic growth. Business is caught in a vicious circle.

Read the article and watch the interview with Michael Porter from the Harvard Business Review.

 

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