Global Transition: A General Theory of Economic Development

G. D. Snooks, Graeme Donald Snooks


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.

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