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Economic Growth

The New Perspectives for Theory and Policy

  • Shows the limitations of current theories on economic growth in their contribution to actual economic growth

  • Presents a proper and effective theory on economic growth for countries and leaders looking to promote economic growth

  • Centered around the theory of economic growth and national development for countries pursuing industrialization and development

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Table of contents (10 chapters)

  1. Front Matter

    Pages i-xxii
  2. Decelerating Agricultural Society: Theoretical and Historical Perspectives

    • Tai-Yoo Kim, Almas Heshmati, Jihyoun Park
    Pages 21-56
  3. Determinants of Economic Divergence Among Accelerating Societies

    • Tai-Yoo Kim, Seunghyun Kim, Jongsu Lee
    Pages 85-162
  4. The Faster-Accelerating Digital Economy

    • Tai-Yoo Kim, Eungdo Kim, Jihyoun Park, Junseok Hwang
    Pages 163-191
  5. The Faster Accelerating Growth of the Knowledge-Based Society

    • Tai-Yoo Kim, Mi-Ae Jung, Eungdo Kim, Eunnyeng Heo
    Pages 193-235
  6. War, Peace and Economic Growth: The Phoenix Factor Reexamined

    • Tai-Yoo Kim, Gicheol Jeong, Jongsu Lee
    Pages 263-278
  7. The Relationship Among Stock Markets, Banks, Economic Growth, and Industry Development

    • Tai-Yoo Kim, Jungwoo Shin, Yeonbae Kim, Jeong-Dong Lee
    Pages 279-292
  8. The Necessity of a New Industrial Classification Based on Value-Creation Behavior

    • Tai-Yoo Kim, Yoonmo Koo, Dong Ook Choi, Yeonbae Kim
    Pages 293-308
  9. Back Matter

    Pages 309-323

About this book

This book shows that the existing theories on economic growth have clear limitations in terms of how much they can effectively contribute to actual economic growth. Therefore, this book presents a more effective theory on economic growth for countries and leaders looking to promote economic growth. It is essentially centered around the theory of economic growth and theory of national development, written for agricultural developing countries pursuing industrialization and late-starting industrialized countries pursuing their own development. Nevertheless, it also makes a significant contribution to the very development of human civilization through the growth of developing countries, late-starting industrialized countries and early industrialized countries throughout the world.

Authors and Affiliations

  • Department of Industrial Engineering/Technology Management Economics and Policy Program (TEMEP), Colleage of Engineering, Seoul National University, Seoul, Korea, Republic of (South Korea)

    Tai-Yoo Kim

  • Department of Economics, Sogang University, Seoul, Korea, Republic of (South Korea)

    Almas Heshmati

About the authors

Tai-Yoo Kim is a Professor of Economics at the Department of Industrial Engineering, Seoul National University, Republic of Korea. He received his Ph. D. in Economics from Colorado School of Mines; his M. A. from West Virginia University; and his B. E. in Mineral and Petroleum Engineering from Seoul National University. He was a post-doctoral research fellow at Columbia University, after which he became an Assistant Professor at IONA College in New York. He also served in the office of the President of the Republic of Korea as an Advisor in Information, Science and Technology. While natural resources economics is his major academic background, Kim's research interests include energy and resources, information and high technology industry, and industrial policy. His most recent publications focus on the economic growth theory, which he validates through skillful analyses of European history and the transmission of hegemony. Currently, Tai-Yoo Kim is investigating government policies that would promote a shared economic growth, to foster a peaceful and prosperous global economy in the future.

Almas Heshmati is Professor of Economics at Department of Economics, Sogang University. He held similar positions at Korea University, Seoul National University, University of Kurdistan Hawler, RATIO Institute (Sweden) and MTT Agrifood Research (Finland). He was Research Fellow at the World Institute for Development Economics Research (WIDER), The United Nations University during 2001-2004. From 1998 until 2001, he was an Associate Professor of Economics at the Stockholm School of Economics. He has a Ph.D. degree from the University of Gothenburg (1994), where he held a Senior Researcher position until 1998. His research interests include applied microeconomics, globalization, development strategy, efficiency, productivity and growth with application to manufacturing and services. In addition to more than 100 scientific journal articles he has published 16 books on EU Lisbon Process, Global Inequality, East Asian Manufacturing, Chinese Economy, Technology Transfer, Information Technology, Water Resources, Power Generation, Landmines and Development Economics.

Bibliographic Information

  • Book Title: Economic Growth

  • Book Subtitle: The New Perspectives for Theory and Policy

  • Authors: Tai-Yoo Kim, Almas Heshmati

  • DOI: https://doi.org/10.1007/978-3-642-40826-7

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Business and Economics, Economics and Finance (R0)

  • Copyright Information: Springer-Verlag Berlin Heidelberg 2014

  • Hardcover ISBN: 978-3-642-40825-0Published: 18 December 2013

  • Softcover ISBN: 978-3-662-51433-7Published: 24 September 2016

  • eBook ISBN: 978-3-642-40826-7Published: 29 November 2013

  • Edition Number: 1

  • Number of Pages: XXII, 323

  • Number of Illustrations: 49 b/w illustrations, 33 illustrations in colour

  • Topics: Economic Growth, Social Sciences, general, Economic Policy

Buy it now

Buying options

eBook USD 84.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access