
The prime Economic classification of the nations are "Developed or Developing or Under developed". In the history, we are yet to see a country in the developing and under-developed category, moving upward into a developed status. This stagnated condition of the world nations was correctly identified and questioned by the Nobel Laureate in Economics (1979), Sir. Arthur Lewis (1915-1991) as "Is the dependence of the developing country world growth on that of the developed - world inevitable?". This calls for a domestic approach to the investment-saving and technology-skill tie-up chains. Also a current trend among the developing nations is to attract foreign multinational investment in their nations with many economic incentives. This is another form of dependence and tie-up with profit oriented corporate units, providing only large volume employment and without any mandatory commitment to upgrade the domestic techno-commercial and economic infrastructure. This also warrants a domestication approach to reduce the dependence on external tie-ups. A review of the seven sequential steps of corporate operations confirm a Closed Cycle Economics, operating in all the nations, irrespective of their political pattern, controlled by three resource dimensions. In each of these steps, these three components are existing in different forms, This cycle controls and monitors the Domestic consumption, Domestic investments, the economic indicators and hence the GDP. With these thoughts as a basis for discussion, the need for a new dimensional approach was exposed to a team of 14 diversified, but critically responsible persons in different nations, committed and working towards an accelerated Socio-Economic development. Based on all these approaches, this Geometric model is developed. This model using Geometry to the faculty of Economic Science, attempts to make this linkage more eternal than inevitable. This needs a multi-lateral approach to boost the domestic savings to support dome
Page Count:
60
Publication Date:
2019-08-28
Publisher:
Amazon Digital Services LLC - Kdp
ISBN-10:
1686250452
ISBN-13:
9781686250453
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