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Global Transition
A General Theory of Economic Development
Graeme Donald Snooks
Global Transition is an innovative study that analyses 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 . 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.
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