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The Procedure that Is Supported by Solid Theories

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Managerial Decision Making

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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.

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Authors and Affiliations

  1. Slippery Rock University, Slippery Rock, PA, USA

    Jeffrey Yi-Lin Forrest, Jeananne Nicholls & Kurt Schimmel

  2. Institute for Grey Systems Studies, Nanjing University of Aeronautics & Astronautics, Nanjing, Jiangsu, China

    Sifeng Liu

Authors
  1. Jeffrey Yi-Lin Forrest
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  2. Jeananne Nicholls
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  3. Kurt Schimmel
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  4. Sifeng Liu
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Forrest, J.YL., Nicholls, J., Schimmel, K., Liu, S. (2020). The Procedure that Is Supported by Solid Theories. In: Managerial Decision Making. Springer, Cham. https://doi.org/10.1007/978-3-030-28064-2_9

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