Event Detail


Consumptionomics : Asia's role in Reshaping Capitalism and Saving the Planet

Chandran Nair
Wednesday, 16 May 2012
KPMG Conference Rooms, 8/F Prince's Building, Central
6.30 Drinks Reception; 7.30 Lecture

HK$100 RGS HK members HK$150 non members, No pre booking required

Drinks and ticket sales from 6.30 pm lecture starts 7.30 pm

Hong Kong based Chandran Nair lectures on "Consumptionomics: Asia's role in Reshaping Capitalism and Saving the Planet ". In this lecture, Mr Nair argues that the Western model of consumptionled economic growth cannot be replicated in Asia. He suggests that the discussion about solutions to the looming planetary crisis needs to be considered from an Asian perspective, offering a new paradigm and set of solutions for governments, business leaders and academics and most importantly the public.

It is clear that if the global community is serious about lessening the impacts of global capitalism on the world's resources, then the role of Asia, with over half the world's population, must take centre stage. Mr Nair argues that economic policy therefore needs to be realigned to avoid catastrophic outcomes arising from relentless promotion of a consumptionled growth models in the world's most populous regions, at a time when resource constraints are too obvious to deny. He calls for bans on some forms of consumption, resources to be repriced and for the state to play an all important role.

Chandran Nair's lecture offers an Asian perspective on these issues and sets out a new conceptual framework for both governments and business in Asia for the future of the environment. It proposes that the conventional wisdom of supply and demand frameworks need to be radically overhauled to include the true cost of externalities. It points to a future in a densely populated Asia where economic activity needs to be subservient to maintaining the vitality of resources, where productivity efforts focus on resources not people and where collective welfare takes priority before individual rights. It challenges business leaders, politicians and academics to address Asia’s dilemma: the relentless promotion of a consumptionled economic growth model in the world's most populous region.

Chandran Nair read BioChemical Engineering at the University of Reading and for a Masters of Engineering at the Asian Institute of Technology, Bangkok. Mr Nair has worked in Asia, Europe and Africa and, until 2004, was the Chairman of the Environmental Resources Management Consultancy for the AsiaPacific. Mr Nair is a renowned international speaker, writer and facilitator and leading expert on globalisation and development in Asia. He has appeared on BBC's HARDtalk and addressed the World Economic Forum at Davos.

Mr Nair is also the founder and CEO of The Global Institute For Tomorrow (GIFT), an independent, panAsian think tank based in Hong Kong, which has become a leading provider of executive education for the private, public and academic sectors. Between 2005 and 2011, Mr Nair was an adjunct professor at Hong Kong University. He is cofounder of Avantage Ventures, a boutique social investment advisory firm and in 2010 published the awardwinning eponymous Consumptionomics: Asia's role in reshaping capitalism and saving the planet. He has been an advisor to the Prince of Wales International Business Leaders Forum, the World Wildlife Fund and the Jane Goodall Institute. Mr Nair a Fellow of the Hong Kong Institute of Directors and a Fellow of the Royal Society of Arts.

Members and guests are most welcome to attend this lecture, which is HK$100 for Members and HK$150 for guests and others.

The Royal Geographical Society Hong Kong wishes to express its thanks to KPMG for its generous assistance with this lecture.

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