Culture and economics in the global community : a framework for socioeconomic development / Kensei Hiwaki.

Includes bibliographical references and index.

Machine generated contents note: Methodology for Sustainable Development -- Vested Interests and the Challenges Ahead -- The Classical Paradigm Re-Examined -- The Keynesian Framework Re-Examined -- Major Ideas for Development in the New Perspective -- Perroux, Sen and Myrdal for Human Development -- An Alternative Approach and Core Ideas -- Organization of This Book -- part 1 UNSUSTAINABLE MODERN EXPANSION -- 1. Introductory Remarks on the Contemporary World -- Values, Philosophies and Concepts -- Evolution Hypothesis and Social Progress -- The Impending Credibility Trap -- Concluding Remarks: An Alternative Course -- 2. The Credibility Trap in Our Contemporary World -- The Credibility Trap and Cultural Implications -- The Credibility Trap and Underdevelopment -- Lack of Mutual Trust and Reliability -- Concluding Remarks -- 3. Japan in the Credibility Trap -- Hasty and Half-Boiled Modernization -- Post-War Negation of Japan's Culture -- Statistical Indications of Social Lethargy -- Loss of Social Vitality -- Concluding Remarks

4. The Imminent Credibility Trap in China -- The Rise of Communist China and the Cultural Revolution -- Open-Door Policy and Raw Capitalism -- Disparity and the Predicament of the Farming Majority -- Economic Expansion and Uncertainty -- Concluding Remarks: China as a Microcosm of the World -- 5. Economic Globalization and Sustainability -- Market Failure Broadly Defined and Interpreted -- Economic Globalization and Market Failure -- Allocation Failure and Human Resources -- Concluding Remarks -- 6. The Big Market versus Sustainability -- A Framework for Classified World Prototypes -- Market Fundamentalism versus Holistic Culture -- World of Sound Cultures versus World of Big Market -- Concluding Remarks -- 7. Overview of the Contemporary World -- Predicaments under Market Fundamentalism -- Interactions of Conflicting Interests -- In Search of a Viable World -- Concluding Remarks -- part 2 THEORETICAL FRAMEWORK AND RAMIFICATIONS -- 8. Pivotal Concepts: Definitions and Elaborations -- Sustainable Development -- Other Concepts Relevant to Sustainable Development -- Holistic Society-Specific Culture

Market Fundamentalism and the Big Market -- Cultures, Market and the Contemporary Human Mindset -- Culture of Peace -- Global Humanity -- New Enlightenment -- 9. Balanced Development and Strategic Environments -- Circles of Expanding Interactions -- Simplified Systemic Interactions -- Essentials of Developmental Interactions -- Essential Strategies for Sustainable Development -- Concluding Remarks -- 10. The Basic Theoretical Framework -- Politico-Legal Environment -- Value Premises/Assumptions for the Theoretical Framework -- Optimal Development Path and Balanced Development -- Own Invisible Hands and Classical Invisible Hand -- Demand-Supply Consistency -- Descriptive Process of Development -- Concluding Remarks -- 11. The Basic Ratio and the Optimal Development Path -- Lead-Lag Assumption -- Optimal Development Path-Based Dynamic Theory of Interest -- Special Features of the Optimal Development Path -- Concluding Remarks

12. Optimal Development Path and Actual Development -- Imperialist Paths versus Optimal Development Paths -- Keynesian and Collectivist Policies versus Optimal Development Paths -- The Japanese Misguided Path versus the Optimal Development Path -- Concluding Remarks -- 13. People's Own Invisible Hands and Value Renewal -- Thought-Frame Enhancement for Value Renewal -- Own Invisible Hands and Sustainable Development -- Thought-Frame Enhancement and Maturation Process -- Concluding Remarks -- 14. Paradigm Shift and Balanced Development -- The Sunny-Side Proposition and Extra-Profit Rate -- The Paradigm Shift and Sustainable Development -- The Paradigm Shift and Income Distribution -- Concluding Remarks -- part 3 CULTURES AND COMPREHENSIVE HUMAN DEVELOPMENT -- 15. Sound Culture and Sound Creativity -- Distorted Creativity in the Contemporary World -- Harmonious Integration of Opposite Values -- Sound Creativity and Human Development -- Concluding Remarks

16. Sound Culture and Wisdom Complex -- Culturally Distorted Contemporary World -- Diagrammatical Definition of Sound Culture -- The Seventeen Article Constitution -- The Overarching Wisdom Complex -- The Sound Communal Value System -- Concluding Remarks -- 17. New Enlightenment for Comprehensive Human Development -- Human Development and Modern Rationality -- Modern Civilization and Cultural Diversity -- Human Development and New Enlightenment -- Concluding Remarks -- 18. Innovative Education for Diverse Sound Cultures -- Globalization and Important Issues -- Framework for Multilateral Value Enhancement -- The Schematized Flow in Human Development -- New Educational Direction -- Concrete Educational Innovations -- Concluding Remarks -- 19. Cultural Enrichment and Personality -- Innovative Education and Holistic Cultures -- Modern Education and Personality -- Market Fundamentalism and Personal Maturation -- Own Culture and Personal Maturation -- Concluding Remarks -- part 4 METHODOLOGY FOR SUSTAINABILITY

20. Functional Approaches to Sustainability -- Strategic Environment and Cultures -- Four Functional Approaches -- Concluding Remarks: Concerted Approach -- 21. Social-Cost Stability for Sustainability -- Balanced Socioeconomic Development -- Theoretical Explanation of Balanced Development -- Optimal Development Path and Worldwide Social Cost -- The Global Optimal Development Path and the Analogical World -- Concluding Remarks -- 22. The Main and Supplementary Wheels for Sustainability -- The Main Wheel: Human Will and Spirit -- Global Value-Added Tax -- Appropriate Use of the Tax Revenue -- Diagrammatic Explanation of Global Fiscal Policy -- Global Governance Systems for Sustainability -- Concluding Remarks -- 23. Culture-Enhancing Employment -- Employment, Cultures and Market -- Employment: Culture versus Market -- Economic Globalization and Employment -- Market-Centered Employment -- Culture-Enhancing Employment -- Concluding Remarks

24. Culture-Enhancing International Trade -- Backgrounds and Assumptions -- Economic Discipline and Sustainable Development -- An Alternative Theory of International Trade -- Trade as an Interaction for Mutual Maturation -- Trade as Multimedia Communication -- Implications of Culture-Enhancing Trade Theory -- Concluding Remarks -- 25. Culture-Hinged Campaigns for Sustainability -- The Transient Over-Riding the Permanent -- The Overall Relationship Illustrated -- Worldwide Campaign for Sustainability -- Society-Specific Campaign for Sustainability -- Concluding Remarks -- part 5 HARMONIOUS AND INTEGRAL DEVELOPMENT -- 26. Democracy for Our Insular Planet -- Modern Democracy and Insular Japan -- "Insularized" Planet Earth -- New Democracy on the Insular Planet -- Concluding Remarks -- 27. A Society of Longevity and a Positive Perspective -- Full Life, Good Health and a Meaningful Career -- Toward Positive Socioeconomic Policy -- Policy for the Society of Longevity -- Society of Longevity and Sustainable Development -- Concluding Remarks

28. Multilateral-Value Interactions -- Integral Value Development -- Social Value System and Societal Viability -- Theory-Pertinent Policy Implications -- Concluding Remarks -- 29. Systemic Resolutions of Important Issues -- Mutual Relationship of Global Issues -- Relations between Cultures and Global Issues -- Strategies for the Paradigm Shift -- Concluding Remarks -- 30. Trilateral Virtuous Circles and Local-Global Linkage -- The Paradigm Shift for Sustainable Development -- Mutually Supportive Global Issues -- Diagrammatic Explanation of Virtuous Circles -- Concluding Remarks.

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 {u2013} 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.