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ISBN: 0312223706Издательство: Palgrave MacMillan
Global Transition is an innovative study that analyzes the problems and prospects of the Third World by building on the theoretical contribution--the dynamic-strategy model--made in the author's acclaimed Longrun Dynamics (1998). It formulates a general economic and political theory he calls the Global Strategic Transition (GST) model. The central feature of this model is the global strategic demand-response mechanism involving an interaction between the world's expanding strategic core and its fringe, which is facilitated through strategic inflation. This model also provides the basis for a new policy approach to economic development.