asia's consumption challenge

Salvation for Asia lies in consuming less

The way forward for Asia is to stop emulating the West and instead reduce consumption levels, argues Chandran Nair.
<div style="text-align: left;"> Asian economies are asleep at the wheel, says Chandran Nair </div>
<div style="text-align: left;"> Asian economies are asleep at the wheel, says Chandran Nair </div>
May 04, 2011

The path of consumption-fuelled capitalism that has driven development in the West threatens to become a crippling burden for Asia, according to Chandran Nair, founder and chief executive of the Global Institute For Tomorrow Gift.

“My message is quite harsh and the problem is everyone generally wants to go away feeling high,” said Nair yesterday, addressing an Asia Society event at Club Lusitano in Hong Kong. “I’m in the business of slaying cows in front of Brahmins.”

Gift is a for-profit social venture think tank based in Hong Kong that is focused on the relationship between Asian society and values with the rest of the world....

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