© 2014

Fusion Economics

How Pragmatism is Changing the World

  • Authors


  • Fusion Economics brings together the idea of western and eastern economies and discusses how bringing the strengths from the 2 economies can work to solve some of the world problems

  • In this book Braham explores how the Chinese and even Russian economic models have evolved while claiming the Washington Consensus is dead

  • It is a new global consensus –a blend of pragmatic economics and fresh thinking– that is silently replacing Western models, spearheaded by NGOs, social entrepreneurs and the BRICS countries

  • The author with his insights and experience working in China and other governments with different economic models shows how a fusion of models and culture can come together to create an alternative that will help solve world problems rather than create them


Table of contents

  1. Front Matter
    Pages i-xvi
  2. Introduction The Washington Consensus Is Dead!

    1. Laurence J. Brahm
      Pages 1-15
  3. Fusion Economics: Burying Ideology, Dumping Theory, and Adopting Pragmatism

  4. Pragmatic Idealism: Compassionate Capital, Stakeholder Value, and Social Enterprise

  5. Diversified Localization: Empowering People Brings Sustainable Security

  6. The New Earth Consensus: Community Consciousness and Planetary Survival

About this book


The current international financial system has created a huge gap between the wealthy and the rest. Grounded and straightforward in his approach, Brahm calls for a turn away from economic systems dangerously steeped in ideology and stymied by politics, outlining a new global consensus based on pragmatism, common sense, and grass-roots realities.


capital China Common Sense community development environment environmental economics Generation growth Nation politics pragmatism television violence

About the authors

Laurence Brahm is a global activist, social entrepreneur, international lawyer, political-economist, crisis mediator and author of over twenty books on Asia. He is the architect of the Himalayan and African Consensus, serving as executive director and co-founder of the African Consensus Forum. He divides his time between Asia and Africa convening multi-stakeholder dialogue between civil society, business and governments. Concurrently, he is advisor to China's Ministry of Environmental Protection and the European Commission's Directorate-General for the Environment, blueprinting green growth policies aimed at reducing total carbon in China through renewable and efficient energy replacement. He is a member of the United Nations Theme Group on Poverty and Inequality, NGO spokesperson to the United Nations Earth Summit 2012 (Rio+20) and was selected by ScenaRio as one of '100 Opinion Leaders Advising Rio+20'. Brahm is also a Visiting Fellow at the East-West Center for geopolitical research in Hawaii. His previous books include Zhu Rongji and The Transformation of Modern China (John Wiley, 2002), a bestseller in Asia, Searching for Shangri-La (Marshall Cavendish, 2006) and The Anti-Globalization Breakfast Club (John Wiley, 2009).

Bibliographic information

Industry Sectors
Finance, Business & Banking


"Fusion Economics is an extraordinary interweaving of personal experience and far-sighted economic and ecological thinking which may very well hold the key to China's future." - John Simpson, Word Affairs Editor, BBC News

"Brahm is a rare combination of world class economist and hands-on entrepreneur. A down-to-earth pragmatist, he has been economic advisor to major Asian heads of government. Fusion Economics will contribute greatly to revitalizing sagging economies." - John Naisbitt, author of Megatrends

"With Fusion Economics, Brahm takes on an impossible task - and succeeds. He weaves the profanity of modern economics into a tangible narrative which perfectly describes our social-ecological auto-destruct and then forges not only a bypass but an entire heart-transplant. People and planet should salute this noble offering." - Sacha Stone, Founder of Humanitad and the New Earth Project

"Brahm does not simply offer a new economic model or provide fast answers to the dilemma of our global economic and environmental crisis. His story helps us look at problems differently as part of an interconnected matrix, inspiring us to find the answers ourselves in each of our own communities and cultures. It is about using indigenous knowledge, practical solutions not theory, community empowerment and the power of diversified localization, concepts clearly outlined in this book" - Dr. Supachai Panitchpakdi, Secretary General of UNCTAD from 2005-2013 and former WTO Director

"Laurence Brahm's Fusion Economics presents his innovative and systemic analysis of the main issues that are shaping the global future and what is needed to deal with them. All of us who share these concerns must also join in support of the peaceful revolution for which this book is such a comprehensive and enlightening guide." - Maurice Strong, Canadian UN icon, founder of the 1992 Earth Summit

'Brahm is one of those unsung heroes who was changing the world for the better, influencing various governments long before ecological economics and social enterprise became fashionable. His proven focus on community development and evolutionary blends of state planning and market incentives is precisely what we need. This is a practical and spiritual book that should be required reading among those intent on creating collaborative economies and social enterprises.' - Robert Steele, CEO, Earth Intelligence Network, author of The Open-Source Everything Manifesto: Transparency, Truth, and Trust