{"id":1954,"date":"2021-02-03T01:22:51","date_gmt":"2021-02-03T01:22:51","guid":{"rendered":"https:\/\/travelcommunication.net\/?p=27025"},"modified":"2021-03-15T23:27:35","modified_gmt":"2021-03-15T23:27:35","slug":"wef-klaus-schwab-releases-his-new-book-stakeholder-capitalism","status":"publish","type":"post","link":"https:\/\/www.travelindex.org\/media\/global-travel-news\/wef-klaus-schwab-releases-his-new-book-stakeholder-capitalism\/","title":{"rendered":"WEF: Klaus Schwab Releases His New Book \u201cStakeholder Capitalism\u201d"},"content":{"rendered":"
\n\t\"WEF:<\/a>\n\t<\/div>\n

Geneva, Switzerland, February 3, 2021 \/ TRAVELINDEX \/ Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, and author of the best-selling books \u201cThe Fourth Industrial Revolution\u201d and \u201cCOVID-19: The Great Reset\u201d released his new book, \u201cStakeholder Capitalism: A Global Economy that Works for Progress, People and Planet\u201d, co-authored with Peter Vanham.<\/p>\n

In the book, Schwab looks at the achievements and shortcomings of the global economic system dominant in the past decades: shareholder capitalism in the West, and state capitalism in the East. Both systems enabled unprecedented advances in wealth, measured by GDP and profits, he writes. But they also led to historical economic inequality, and the degradation of the environment.<\/p>\n

\u201cWe can\u2019t continue with an economic system driven by selfish values, such as short-term profit maximization, the avoidance of tax and regulation, or the externalizing of environmental harm,\u201d\u00a0Schwab<\/strong>\u00a0writes. \u201cInstead, we need a society, economy, and international community that is designed to care for all people and the entire planet.\u201d<\/p>\n

Schwab proposes a third way: the model of stakeholder capitalism. It is one where companies seek long-term value creation instead of short-term profits; governments cooperate to create the greatest possible prosperity for their people, and civil society and international organizations complete the stakeholder dialogue, helping balance the interests of people and the planet.<\/p>\n

Schwab first wrote about the stakeholder model in his book \u201cModern Enterprise Management\u201d in 1971. 50 years on, his views are becoming mainstream in the global business community. Advocacy groups such as the US Business Roundtable endorsed stakeholder capitalism in 2019, and more than 60 World Economic Forum members this week signed up for the \u201cStakeholder Capitalism Metrics\u201d.<\/p>\n

Various global commentators provided an \u201cAdvance Praise\u201d of the book. Cellist\u00a0Yo-Yo Ma<\/strong>\u00a0said it \u201coffers a vision for politics and economics driven not only driven by value creation, but by values\u201d. Primatologist and anthropologist\u00a0Jane Goodall<\/strong>, called it \u201cfascinating\u201d, and Oxfam Director\u00a0Gabriela Bucher<\/strong>\u00a0a \u201ctimely analysis\u201d. A\u00a0discussion on the book\u00a0was held on Monday at the Davos Agenda.<\/p>\n

Political and business leaders also\u00a0offered their endorsement, including the CEOs of\u00a0Microsoft<\/strong>,\u00a0Salesforce<\/strong>,\u00a0Tata Sons<\/strong>,\u00a0Grupo Santander<\/strong>,\u00a0Bank of America<\/strong>, and the Prime Ministers of Belgium and the Netherlands,\u00a0Alexander De Croo<\/strong>\u00a0and\u00a0Mark Rutte<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Geneva, Switzerland, February 3, 2021 \/ TRAVELINDEX \/ Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, and author of the best-selling books \u201cThe Fourth Industrial Revolution\u201d and \u201cCOVID-19: The Great Reset\u201d released his new book, \u201cStakeholder Capitalism: A Global Economy that Works for Progress, People and Planet\u201d, co-authored with Peter Vanham. In …<\/p>\n","protected":false},"author":0,"featured_media":4470,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-travel-news"],"_links":{"self":[{"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/posts\/1954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/comments?post=1954"}],"version-history":[{"count":0,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/posts\/1954\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/media\/4470"}],"wp:attachment":[{"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/media?parent=1954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/categories?post=1954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/tags?post=1954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}