Economics of Mutuality

New models of inclusive economic growth
Dynamics of Inclusive Prosperity
50 Euro note wrapped around a small branch

With growing recognition that capitalism fails to sufficiently address the balance between material wealth, environmental sustainability and social stability, revisions to the global capitalist system are well underway. Businesses have come under increasing scrutiny from investors, policymakers and the public to incorporate financial returns with social responsibility and environmental management. This reflects a new momentum for more inclusive and sustainable models of growth in the private sector.

The Economics of Mutuality
The Economics of Mutuality (EoM) is a management and investment innovation designed to accompany organizations in their transitions, allowing them to deliver greater value to people and planet and also improved business returns – a ‘win-win’ for all stakeholders.

EoM empowers organizations to adopt a fair and purposeful form of capitalism that performs better than the purely financial version operating today. Its robust methodology and cutting-edge tools transform business at the core – going beyond peripheral approaches such as CSR and ESG that are driven by compliance.

Economics of Mutuality in Asia

As part of a unique collaborative research project with DoIP, Hanyang University, the Asia Foundation, the Economics of Mutuality and the Center for the Economics of Mutuality, DoIP researcher Kees Krul looks at new models of inclusive economic growth in Asia. While high Asian growth has been conceived as a ‘miracle’ by some, in recent years the region is hampered by slow growth and rising inequality. This project looks for new ways to revitalize the Asian growth model.

The research aims to identify the types of companies, corporate governance structures, institutional settings and Asian values that enable long-term orientation and inclusive mutual growth in Asia. A micro-level analysis with selected firms in multiple countries is conducted to understand the drivers and constraints that Asian companies face in their decisions to adopt more mutual business models. The results from this project are widely disseminated with policymakers, civil society organizations, and business leaders in Asia and beyond.

Team members

  • Kees Krul 

    Dr. Kees Krul holds a PhD in Institutional Economics from Delft University of Technology, where he studied the socioeconomic effects of Chinese land reform. During his PhD Kees was also a visiting research fellow at Lund University and National University of Singapore. Kees is currently working on inclusive economic growth models for Asian countries, together with the Rotterdam School of Management, Hanyang University, The Asia Foundation, the Economics of Mutuality Foundation and the Center for the Economics of Mutuality. Prior to his postdoc, Kees lived and worked in various places including China, Sweden, Korea, South Africa, Singapore and Taiwan.


Do you have questions about this research project or would you like to participate? Please send an e-mail to

Compare @count study programme

  • @title

    • Duration: @duration
Compare study programmes