The possibility of a high-performance/low-cost fusion reactor concept which can simultaneously satisfy (1) high beta, (2) high bootstrap fractio (self-sustaining) and (3) high confinement is discussed. In CDX-U, a tokamak configuration was created and sustained solely by internally generated bootstrap currents, in which a 'seed' current is created through a nonclassical current diffusion process. Recent theoretical studies of MHD stability limits in spherical tori [e.g. the National Spherical Torus Experiment (NSTX)] produced a promising regime with stable beta of 45% and bootstrap current fraction of greater than or equal to 99%. Since the bootstrap current is generated by the pressure gradient, to satisfy the needed current profile for MHD stable high beta regimes, it is essential to develop a means to control the pressure profile. It is suggested that the most efficient approach for pressure profile control is through the creation of transport barriers (localized regions of low plasma transport) in the plasma As a tool for creating the core transport barrier, poloidal-sheared-flow generation by ion Bernstein waves (IBW) near the wave absorption region appears to be promising. In PBX-M, application of IBW power produced a high-quality internal transport barrier where the ion energy and particle transport became neoclassical in the barrier region. The observation is consistent with the IBW-inducedpoloidal-sheared-flow model. An experiment is planned on TFTR to demonstrate this concept with D-T reactor-grade plasmas. For edge transport control, a method based on electron ripple injection (ERI), driven by electron cyclotron heating (ECH), is being developed on CDX-U. It is estimated that both the IBW and ERI methods can create a transport barrier in reactor-grade plasmas (e.g. ITER) with a relatively small amount of power (approximate to 10 MW much less than P-fusion).