The Procedure that Is Supported by Solid Theories

Jeffrey Yi-Lin Forrest, Jeananne Nicholls, Kurt Schimmel and Sifeng Liu
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Jeffrey Yi-Lin Forrest: Slippery Rock University
Jeananne Nicholls: Slippery Rock University
Kurt Schimmel: Slippery Rock University
Sifeng Liu: Nanjing University of Aeronautics & Astronautics

Chapter Chapter 9 in Managerial Decision Making, 2020, pp 183-208 from Springer

Abstract: Abstract Being able to obtain a self-sustained momentum of economic growth has been the dream of many developing countries in the past 100 plus years. However, the mainstream economics has not been able to figure out preciously what a nation needs to do to detonate its desired economic takeoff. Based on the recent research development in the area of development economics, this chapter presents a detailed procedure on how to engineer the occurrence and evolution of a self-sustained momentum of economic growth for an impoverished agrarian nation. This procedure is developed on top of two theoretical results established earlier. So, other than its theoretical value to economics, what is presented in this chapter is expected to be able to bring tangible economic benefits for developing nations in the years to come.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-28064-2_9

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DOI: 10.1007/978-3-030-28064-2_9

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