Third Millennium Capitalism / Edition 1

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The Third Millennium presents unprecedented opportunities and challenges to capitalism as a global economic system. Technological advances, governmental policies, energy supply, ecological concerns, and a burgeoning world population are among the issues to be addressed by private enterprise in holistic and humanitarian ways. No longer can these issues be treated in isolation inasmuch as they are becoming increasingly interdependent.

As Rogers shows, in industrialized nations, with their aging and stabilizing populations, the marketplace and the working environment are changing, requiring new approaches to work and leisure. In sharp contrast, populations in the Third World are growing rapidly and represent vast potential new markets for the private sector. Simultaneously, enormous social, health, and political problems abound in many Third World countries that may be addressed by private sector and governmental initiatives. Economic expansion in Third World nations will require great expansion of electric and other energy systems, resulting in increased environmental degradation unless major preventive measures are taken. Continued growth of energy systems in industrialized nations will require the introduction of increased pollution controls in the near future. A definitive transition from dependence on fossil fuels to nonpolluting renewable energy sources should be a major global priority. Environmental protection efforts, previously confined to major industrialized nations, should become a high priority issue on a global basis. Global climate change and other air pollution, desertification, deforestation, loss of biodiversity, and water pollution are extending into formerly pristine areas, forcing international approaches to mitigation. A challenging assessment for business officers, policy analysts, and economists involved with corporate strategy and economic development.

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Editorial Reviews

Argues that democratic capitalism should be the institution through which economic needs of the world are fulfilled during the Third Millennium, and that the resources of both the private sector and government must be mobilized through appropriate economic development, energy and natural resource management, and enlightened environmental protection. Shows how these three areas are closely interrelated through choice of technology, rate of development, location, ecological conditions, and cultural and political context. The author is president of an economic and engineering consulting group. Annotation c. Book News, Inc., Portland, OR (
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Product Details

  • ISBN-13: 9781567203608
  • Publisher: ABC-CLIO, Incorporated
  • Publication date: 2/28/2000
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 296
  • Lexile: 1470L (what's this?)
  • Product dimensions: 6.00 (w) x 9.00 (h) x 0.81 (d)

Meet the Author

WYATT M. ROGERS, JR. is President of III Sigma Company, an economic and engineering consulting group, has served as an economist and engineer in the fields of economic development, energy production, and environmental protection.

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Table of Contents



Capitalism and the Emerging Global Economy

Economic Forces in Modern Capitalism

The New Millennium Corporation

Economic Development Challenges

Global Energy Resources

Energy Demand and Supply in the Global Economy

Issues and Options for Energy Development

Managing Global Environmental Resources

World Environmental Concerns

Capitalism and the Environment

Towards a Sustainable Environment

Capitalism in Transition

Convergence and Synergy

Energy, Environment, and Economic Growth

Capitalism in the Third Millenium




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