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  • 标题:Engineering Rapid Industrial Revolutions for Impoverished Agrarian Nations
  • 本地全文:下载
  • 作者:Jeffrey Yi-Lin Forrest ; Huachun Zhao ; Lawrence Shao
  • 期刊名称:Theoretical Economics Letters
  • 印刷版ISSN:2162-2078
  • 电子版ISSN:2162-2086
  • 出版年度:2018
  • 卷号:08
  • 期号:11
  • 页码:2594-2630
  • DOI:10.4236/tel.2018.811166
  • 语种:English
  • 出版社:Scientific Research Publishing
  • 摘要:Being able to emulate the Industrial Revolution has been the dream of many developing countries in the past one hundred plus years. However, the mainstream economics has not been able to preciously figure out what a nation sh ould do to detonate its desired economic takeoff. Based on the recent research development in the area of development economics, this paper presents a detailed procedure on how to engineer the occurrence and evolution of industrial revolutions for an impoverished agrarian nation. This procedure is developed on top of two theorems that are first intuitively seen through the systemic yoyo model and then rigorously proven by using game theory. So, other than its theoretical value to economics, what’s presented in this paper is expected to be able to bring tangible economic benefits for developing nations in the years to come.
  • 关键词:Light Consumer/Industrial Good;Market Fermentation;Nash Equilibrium;Systemic Yoyo Model;Textile
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