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.
General
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