Economic Dynamics of All Members of the United Nations
This book provides an enduring response to modern economic problems and the consequent crises, dealing with the economic modelling of nations and the forecasting of economic growth. The main arguments embodied constitute the creation of jobs and the resto
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Ethelbert Nwakuche Chukwu
Economic Dynamics of All Members of the United Nations Second Edition
Atlantis Studies in Mathematics for Engineering and Science Volume 10
Series editor C. K. Chui, Stanford University, USA
For further volumes: http://www.atlantis-press.com
Aims and scope of the series The series ‘Atlantis Studies in Mathematics for Engineering and Science’ (AMES) publishes high quality monographs in applied mathematics, computational mathematics, and statistics that have the potential to make a significant impact on the advancement of engineering and science on the one hand, and economics and commerce on the other. We welcome submission of book proposals and manuscripts from mathematical scientists worldwide who share our vision of mathematics as the engine of progress in the disciplines mentioned above. For more information on this series and our other book series, please visit our website at: www.atlantis-press.com/publications/books Atlantis Press 8, square des Bouleaux 75019 Paris, France
Ethelbert Nwakuche Chukwu
Economic Dynamics of All Members of the United Nations Second Edition
Ethelbert Nwakuche Chukwu North Carolina State University Raleigh, NC USA
ISSN 1875-7642 ISBN 978-94-6239-075-1 DOI 10.2991/978-94-6239-076-8
ISBN 978-94-6239-076-8
(eBook)
Library of Congress Control Number: 2014936422 Atlantis Press and the authors 2014 This book, or any parts thereof, may not be reproduced for commercial purposes in any form or by any means, electronic or mechanical, including photocopying, recording or any information storage and retrieval system known or to be invented, without prior permission from the Publisher. Printed on acid-free paper
Preface
After the meetings of Asian and European Leaders in Beijing, China on April 12, 2008, and their joint stand on the solution of the world economic crises at the Washington, November 15, 2008, G20 meeting and the subsequent economic summit of World Leaders in London, Chief Financial Leaders from the world’s top seven economic powers pledged, as reported by Jeannine Aversa of the Associated Press, Saturday, April 25, 2009, in the News and Observer: ‘‘The group of seven participants Japan, Germany, France, Britain, Italy and Canada promised to provide the necessary fiscal tonic to turn around their troubled economies as follows—tax cuts or increased government spending; commitment to act together to restore jobs and growth.’’ The USA Treasury Secretary, Timothy Geithner and his counterparts made this promise in a joint statement. The news report touched upon new financial commitments to raise $500 billion for 1MF lending and the difficulty of getting China, Brazil, Russia, India, and Saudi Arabia on board. A bigger say in the operation of 1MF was needed to be put in place. The creation of jobs and the restoration of economic growth are the main arguments embodied in Chukwu’s current book. The path of cooperation is emphasized. Implicitly they embraced and accepted the conclusions of the book, ‘‘The Omega Problem of All Members of the Unite
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