more Famous Quotes
Blog by Massimiliano Mauriello. Issues about management, project management, managerial accounting, financial accounting... pills, tips, news... what's going on the Web, as well as other interests of mine.
After the last dramatic economic crisis the world economy won’t be anymore as we were used to see it before; what’s for sure, we’ll continue being assisting to a further development of eastern economies and to a slower rate of growth of western economies; yet, as I often heard it said, we don’t know yet how exactly the structure, the system of the economy will be after being so dramatically affected.
For sure, western people will have to adapt to a different, more frugal habits, abandoning the consumerism way of life.
Rampini cited the effective example of US families and consumers whose attics are full of goods that they’ll never use, to give an idea of the consequences and waste caused by some of the worst aspects of pre-crisis economic system.
In a world that risks to be led by a so called G2 (USA and China), Rampini rightly stressed the necessity of a major role to be played as an actor in the global scenario by Europe. As known, currently Europe as an institution is not living a bright time, yet Europe should be able, must and should be advisable to get a major role in the global policy.
The book, whose title rightly remind us, according to the same author, the Slow Food, mediterranean philosophy and all the positive concepts accompanying it, not least a healthier way of life against obesity, talk also about the studies presented by Sarkozy and led by two renowned Nobel prices: Joseph Stiglitz and Amartya Sen about the possibility of susbstituing the old way to measure GDP, with a new one, taking into account differents and more well-advised that make more sense, since it's clear that western economies are changed and probably won't never regain the same pace and rate of growht as before this last great global crisis. Rampini also cited about a provocative proposal made in Buthan about substituing the GDP with a "Gross National Happiness" Index.
Overpaid managers and their benefits paradoxically increase the GDP measure, while on the other hand the precious work made by some women, such as in the field of the care for persons, is neglected as a GDP input: paradoxical example brought by Rampini to show the necessity to change the old GDP measurement.
Severe recession hit the Globe due to bad Finance, the economy is slowly recovering, yet it really seems that the lesson from the crisis has not be learned so well, since Finance still seems to show unfair behaviours and seems having not much accordingly changed.
The book in many respects reminds me about the thesis and arguments sustained in the great book by the great scientist Fritjof Capra that I recently read: “The turning point” : the importance of the environment and, more generally, of eco-related topics, of sustainable growth, the necessity of a greater appreciation of works traditionally made by women, such as those in the field of care for persons, the necessity to change the way we measure the wealth produced by a nation, the philosophy, the tradition and habits of eastern people as models, as the author himself cited in his examples. All very important topics tackled by Capra in his book of the first years of the eighties; yet, as Rampini himself reminds us, they are nowadays than ever still topical issues. Exactly in the same place where, in a recent past, Capra introduced his last work “The Science of Leonardo”, Rampini has been stressing those vital issues for our Globe.
As the cosmopolitan Rampini said, “Slow Economy represents a distillate of lessons learnt from his voyages, observations and experiences in the Far east.
The books talks about the necessity to pursue Quality in the midst of a slow rate growth world, achieving a sustainable growth.
Lessons learnt from the East: humbleness, modesty, frugality, eastern habits and way of life.
A last example cited by the Author, hinting at his high quality cashmere sweater, is the textile industry: in particular the cashmere clothing made in the Biella textile district.
As known, Chinese economy has repeatedly tried, in a vain attempt, to replicate the quality of our Italian domestic textiles, by building factories perfectly identical to the Italian ones, adopting the same identical processes. Yet, they so far have never achieved to made a cashmere quality product comparable with the Italian ones.
Where does the secret of this lie ? The answer is in the purity of water flowing in the streams where the factories of Biella draw water in order to be used in their production processes for making quality cashmere clothing. The polluted Chinese rivers does not allow to achieve such a high quality standard that the factories of Biella have been able to achieve. (You could find an excerpt from the book (in Italian), dealing with this case, in http://garda2o.wordpress.com ) Of course this is also an example to stress the importance of environmental issues and of sustainable growth, an aspect so crucial and strategic even for the industrial sector.