A New Economic Development Model: Better Than the East Asian Model
Presenter Type
UNO Graduate Student (Masters)
Major/Field of Study
Economics
Other
Economics
Advisor Information
Economics, Associate Professor
Location
MBSC306 - G (Masters)
Presentation Type
Oral Presentation
Start Date
24-3-2023 2:30 PM
End Date
24-3-2023 3:45 PM
Abstract
This research proposal will explore a new economic development model proposed to be better than the East Asian model, which until now has shown to be one of the most successful approaches in helping transition a developing economy into a developed economy. This new proposal consists of four major parts. The first is the transition from agriculture to industry and services, and the role industry plays in enabling a productive services sector. The second is our analysis of the development of physical and human capital. Physical capital development is developed through critical analysis of major development theories and a focus on real world applications. Human capital is developed through a discussion of schooling and education and industry and management experience. The third part consists of economic development being led in rural areas as opposed to urban areas. The final part of this proposal consists of using external leverage, defined as the investment in external markets for the purposes of promoting domestic development objectives. All of these components are essential to forming a new economic development model that is better than the East Asian model and any other current development model.
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.
Scheduling
9:15-10:30 a.m., 10:45 a.m.-Noon, 1-2:15 p.m., 2:30 -3:45 p.m.
A New Economic Development Model: Better Than the East Asian Model
MBSC306 - G (Masters)
This research proposal will explore a new economic development model proposed to be better than the East Asian model, which until now has shown to be one of the most successful approaches in helping transition a developing economy into a developed economy. This new proposal consists of four major parts. The first is the transition from agriculture to industry and services, and the role industry plays in enabling a productive services sector. The second is our analysis of the development of physical and human capital. Physical capital development is developed through critical analysis of major development theories and a focus on real world applications. Human capital is developed through a discussion of schooling and education and industry and management experience. The third part consists of economic development being led in rural areas as opposed to urban areas. The final part of this proposal consists of using external leverage, defined as the investment in external markets for the purposes of promoting domestic development objectives. All of these components are essential to forming a new economic development model that is better than the East Asian model and any other current development model.