This monograph, a sequel to the author's highly successful "A Mathematical Treatment of Economic Cooperation and Competition Among Nations: With Nigeria, USA, UK, China and Middle East Examples" (Academic Press, 2005), extends the study to all member states of the United Nations. It derives the equations of the key economic variables of gross domestic product, interest rate, employment value of capital stock prices (inflation) and cumulative balance of payment. The derivation is based on the differential market principle of supply and demand and on the rational expectation principle. The models are validated using economic time series of each country and MATLAB programs. The emerging dynamics is a differential game of pursuit which is converted to a hereditary control system for a single nation. Following the same method we derive the full hereditary economic model of all members of the United Nations joined together by external trade, investment capital flow consumption employment and governments' economic intervention -- all mirrored by interacting gross domestic products. The system is validated with IMF and World Bank data.Studies are made on how to arrest economic recession and depression and promote economic growth and prosperity. Diffusion of wealth is also touched upon. Policies regarding economic stimulus, how to dam the decay of capital flow, as well as conditions to promote full employment are discussed. Examination is made to test for the global systems controllability -- the possibility of steering any current bad economic state to a state of growth of its GDP, low interest rate, full employment, good value of capital stock, low inflation and a positive value of the cumulative balance of payments. The book prescribes verifiable broad policies for all nations together to promote prosperity, diffusion of wealth and longevity. The book comes with full programs, output and identified equations which can be downloaded from the publishers' website. Detailed information is available inside the book.The book is a most valuable source of reference for world leaders, central bank directors, graduates and academic researchers in applied mathematics and applied economics concerned with the current problems and growth of the global economy.

OMEGA PROBLEM OF ALL MEMBERS OF THE UNITED NATIONS, THE (Atlantis Studies in Mathematics for Engineering and Science)

Business & Money

Chukwu, Ethelbert Nwakuche

Economics

Atlantis Press / World Scientific

<p>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 restoration of economic growth, using the implicit acceptance of analysis on differential models and neutral systems for controlling the wealth of nations.</p>

Economic Dynamics of All Members of the United Nations (Atlantis Studies in Mathematics for Engineering and Science, 10)

Atlantis Press

Stability and Time-Optimal Control of Hereditary Systems is the mathematical foundation and theory required for studying in depth the stability and optimal control of systems whose history is taken into account. In this edition, the economic application is enlarged, and explored in some depth. The application holds out the hope that full employment and high income growth will be compatible with low prices and low inflation, provided that the control matrix has full rank, i.e., the existing controls are fully effectively used. The book concludes with a new appendix containing complete programs, data, graphs and quantitative results for the US economy.

Stability and Time-Optimal Control of Hereditary Systems: With Application to the Economic Dynamics of the Us (2nd Edition) (Advances in Mathematics for Applied Sciences)

World Scientific Publishing Company

See the best price to sell, buy, or rent books by Chukwu, Ethelbert Nwakuche. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Chukwu, Ethelbert Nwakuche

See the best price to sell, buy, or rent books by Chukwu, Ethelbert Nwakuche. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

OMEGA PROBLEM OF ALL MEMBERS OF THE UNITED NATIONS, THE (Atlantis Studies in Mathematics for Engineering and Science)

Economic Dynamics of All Members of the United Nations (Atlantis Studies in Mathematics for Engineering and Science, 10)

Stability and Time-Optimal Control of Hereditary Systems: With Application to the Economic Dynamics of the Us (2nd Edition) (Advances in Mathematics for Applied Sciences)