An open letter to Mr. Secretary general of the united nations to propose setting up global standards for conquering growth limits of capitalism
- JinHyo Joseph Yun1Email author,
- Philip Cooke2,
- Fumio Kodama3,
- Fred Phillips4,
- Anil K. Gupta5,
- Francisco Javier Carrillo Gamboa6,
- Venni Krishna7,
- Keun Lee8,
- KongRae Lee1,
- Ulrich Witt9,
- Natalja Lace10,
- SangOk Choi11,
- KwangHo Jung8,
- WooSung Jung12,
- KyungBae Park13,
- Sam Youl Lee14,
- Jiyoung Park15,
- Jaehoon Rhee16,
- DongKyu Won17,
- Taeho Park18,
- Jeongho Yang1,
- EuiSeob Jeong17 and
- JinWon Kang19
© The Author(s). 2016
Received: 3 February 2016
Accepted: 19 October 2016
Published: 21 November 2016
We propose an international economic agenda to overcome the growth limits of capitalism that can be supported by the United Nations. Sustainable Environment based global goals should be added to sustainable economy. For this, we propose dynamic balance between three sub-economies such as open innovation, closed innovation, and social innovation sub-economy. For this, we propose to set up a UN community and a long range plan.
KeywordsThe growth limit of capitalism UN Open innovation
Dear Mr. Secretary General of the United Nations
At the Paris, nearly all the global leaders joined and agreed to build up new rules for sustainable development of mankind in 2015. In the OECD Ministerial Meeting at Daejeon, Korea 2015, the Declaration emphasizes connection and creative combination between Technology, and the markets in the direction of stimulating Open Innovation and Open Science as alternatives to mitigate asymmetry, foster economic growth, and reduce poverty spread out worldwide. Also, it is important to protect this world against terrorist attacks that are increased very rapidly. The UN sustainable summit requires a new regime, rule, and guideline for the sustainable development of global human society.
Certainly, these issues are related to conquering the growth limit of capitalism for which the Society of Open Innovation: Technology, Market, and Complexity (SOItmC, www.openinnovationtmc.org) was organized to achieve open connection and creative recombination between technology and markets.
We propose new international rule and agenda that can contribute to conquer the growth limit of capitalism as a practically operational and applicable policy for anti-terrorism, sustainable development, and co-wellbeing in this global economy era. Following are examples of 21 century global agenda for this purpose. We highly encourage to discuss “a global rule for the sustainable development of world economy” as soon as possible.
- 1)Revitalizing protection for building the ecosystem of the Open Innovation Sub Economy, centered on SMEs and Start-ups.
Securing talented employees in competition with big companies via stock options and other benefits
Improving financial credit systems of embracing entrepreneurs’ failures, abolishing security system, and strengthening crowd funding & technology security. (Bistrova et al. 2011)
- 2)Revitalizing the construction of the social (open) Innovation Sub Economy System, centered on social enterprises
Activating donations to social innovative enterprises (Yun, 2015)
Strengthening tax benefits toward donations to social innovative enterprises(more than 75% of tax deduction)
Granting radical tax benefits toward social innovative enterprises in the stages of pre-settlement
- 3)Strengthening public regulations for constructing and maintaining of big companies’ sound Closed Innovation Sub Ecosystem.
Inducing mass-production connection and big companies’ fast entering into new industries via such amicable ways as capital investments, friendly M&As with SMEs and start-ups. (Kamo & Phillips, 1997; Kim & Park, 2006; López & Gamboa, 2013; K. Lee & Lim, 2001; Yoo et al. 2013)
Strengthening contributing roles of big companies to national or world economy, by increasing the basic tax rate on corporate non-investment capital, and by encouraging their positive employment, mass production, payment of taxes, and etc.
Preventing capital monopoly of big companies, which causes slow economy, through setting a global standard for imposing corporate taxes from big companies to more than standard, putting off retirement age, and restrictions on dismissal. (Hahm et al. 2013; Park et al. 2011)
We propose the three points to Dear Mr. Secretary General of the UN.
First, let us organize global committee to build up “global economy minimum rules to conquer the growth limits of capitalism” under UN and set up these rules until 2035.
Second, let us organize global research groups and communities to make fundamental documents for ‘global economy minimum rules to conquer the growth limits of capitalism” until 2017.
Third, let us make open access as the required rule for all academic journals, and a support system from UN, and let us motivate open innovation at global level at the starting policy to conquer the growth limits of capitalism by the UN.
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