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RELEASING THIS NOVEMBER

Cracks the secret of economic development for developing countries

Get this once-in-a-lifetime book to understand what ticks economic development and take advantage of this breakthrough knowledge in your role as a policymaker, investor, entrepreneur, business executive, professor, student, civil services aspirant, or stock market player.

 

economic development book by shivaji lokam

Pathbreaking  — Amitabh Kant, CEO of NITI Aayog

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indicators of economic development

Economic development is the expansion of national capital stock primarily by modernizing all economic activities using technology.

economic growth and economic development

Whereas economic growth means change in GDP over a time period, economic development is the expansion of national capital stock primarily by modernizing all economic activities using technology.

nature of indian economy

Economic development is when a low-income per capita nation undergoes a process of gradual accumulation and growth of national capital over a time-span, primarily by modernizing all economic activities using technology 

economic development meaning

Economic development is when a low-income per capita nation undergoes a process of gradual accumulation and growth of national capital over a time-span, primarily by modernizing all economic activities using technology 

THE GENERAL THEORY OF RAPID
ECONOMIC DEVELOPMENT

The General Theory of rapid economic development, as developed in this book, is a theory that at once successfully and finally explains the crux of the story of the greatest improvement in human lifestyle across the board in the shortest time anywhere in the world in South Korea, Taiwan, and China.
 
The General Theory also provides the practically feasible state mechanisms deployed in the form of industrial policy, monetary policy, and trade policy, for the many other non-industrialized or industrialization-failed countries to achieve a similar or an even better outcome.

Countries

featured

India

China

South Korea

Taiwan

Japan

Malaysia

Thailand

United Kingdom

United States of America

Germany

France

Australia

Saudi Arabaia

Botswana

Chile

Disciplines

engaged

Business

Economics

History

Science

Engineering &

Technology

Presentation

range

460 Pages

97 Graphs

4 Tables

6 Flow Charts

Breadth
involved

An opening Chapter for Beginners

 

Macro & Micro Scope

Development of Theory

Data & Evidence

Two General Laws Uncovered

 

Theory to Mechanism

Mechanism to Policy

 

Case Studies

Application

 

Country level Analysis

Industry level Analysis

Product level Analysis

Table of Contents

 

 

Introduction Ÿ   1
 

Part One: Getting Started

1. Concepts, Notions and Terminology Ÿ   53

2. Early & Late IndustrializationŸ      97

Part Two: Theory

 

Macroeconomics

3. Low Savings Rate in Capitalist EconomyŸ    127
4. Restoring High Savings Rate in Capitalist Economy   Ÿ161

Microeconomics

5. Radical Uncertainty in Industrial EconomyŸ     195
6. Restoring Radical Uncertainty in Late Industrializing EconomyŸ    215

 

Part Three: Mechanism

7. The Mechanism of Rapid Economic Development     Ÿ233
8. The Mechanism of Rapid Industrialization – the Case of China     Ÿ283

9. The Mechanism of non-Industrial Development – the Case of Botswana and ChileŸ    381

 

Part Four: Application

10. The Case of India & the Future    Ÿ405

 

List of Tables & Figures    Ÿ441
Index Ÿ     445

ORIGINAL ANALYSIS TAKEN TO NEW LEVEL

Sample figures from the book

National Income
National Income

Historical National Income values for East Asian Nations

press to zoom
Beta Values
Beta Values

Historical Capital Income Values for early industrializers and late industrializers

press to zoom
Aus Iron Ore
Aus Iron Ore

Australia's dependence on mineral exports

press to zoom
National Income
National Income

Historical National Income values for East Asian Nations

press to zoom
Cropped Back Cover Image_edited.jpg

ABOUT THE AUTHOR

SHIVAJI LOKAM

Shivaji Lokam is a twenty-nine-year-old Indian Engineer, Entrepreneur, and Author. He obtained Bachelors in Electrical Engineering from National Institute of Technology Karnataka in 2013 and MBA from Sydney Business School in 2014.

Mr. Shivaji co-founded Starry Technologies Private Limited, a research and business-consulting firm, in 2016. His previous book was The Fall of Western Civilization, published in 2018. He lives in Hyderabad, India. 

economic development book

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contact@generaltheorybook.com

Hyderabad, India 

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