Synopses & Reviews
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.
Review
Snooks offers an original analysis of the economic development process and policies to achieve development.
Choice
Synopsis
Building on the Dynamic-Strategy Model he developed in his 1998 Longrun Dynamics, Snooks (economics, Australian National U.) analyzes the problems and prospects of the Third World. He generalizes his theory into the Global Strategic Transition Model and shows how it portrays the process by which an increasing number of societies are drawn into the vortex of dynamic interaction between the world's most economically advanced nations. The central feature of his enlarged model is the global strategic demand-response mechanism, which involves interaction between the world's expanding strategic core and its economic fringe.
Synopsis
Provides, for the first time, a general economic and political theory of the global process of economic development.
About the Author
Graeme Donald Snooks is Coghlan Professor in Economics at the Institute of Advanced Studies, Australian National University.
Table of Contents
Part I: Introduction * Economic Development Redefined * The Global Strategic Transition Model *
Part II: Progress of the Global Strategic Transition * The Unfolding Technological Paradigm * The State of the Third World * The State of the Second World *
Part III: Traditional Theory, Policy, and Visions * Traditional Development Theory * Traditional Development Policy * Traditional Visions of the Future *
Part IV: Strategic Demand * The Global Dynamic-Strategy Model * The Driving Force * The Global Strategic Demand-Response Mechanism *
Part V: Strategic Response * The Strategy Function * Population * Capital Accumulation * Technological of Strategic Change? * Institutional Repines * Government and Strategic Leadership *
Part VI: Conclusion * Strategic Predictions and Policies