The book constructs the Synergy Theory, a new theory of economic growth and calculation methodology. The book involves empirical comparative study on economic growth between China and the 14 developed countries, and on the basis of the synergy theory, divides GDP into labor compensation, capital...

Economists have long sought to maximise economic growth, believing this to be their best contribution to improving human welfare. That approach is not sustainable in the face of ongoing issues such as global climate change, environmental damage, rising inequality and enduring poverty....

This book finds that the R&D and technological innovation of a country is not a result, but a factor, of sustained economic growth. Bazhal develops Schumpeter's theory to argue that genuine economic growth - especially in transitioning and developing countries - is only possible with innovation....

Contents -- Foreword: Markku Markkula -- Foreword -- Bror Salmelin: Foreword: Se-Hwa Wu -- Preface: Leif Edvinsson -- Preface: Carol Yeh-Yun Lin -- Executive Summary -- 1. Introduction -- 2. Impact of the 2008 Global Financial Crisis -- 3. National Intellectual Capital Development of the Four...

Foreword: Markku Markkula -- Foreword: Bror Salmelin -- Foreword: Se-Hwa Wu -- Preface: Leif Edvinsson -- Preface: Carol Yeh-Yun Lin -- Executive Summary -- 1. Introduction -- 2. Impact of the 2008 Global Financial Crisis -- 3. National Intellectual Capital Development of the Six BRICKS...

Chapter 1 Introduction -- Chapter 2 Impact of the 2008 Global Financial Crisis -- Chapter 3 National Intellectual Capital Development of the Four Southeast Asian Countries -- Chapter 4 Beyond the 2008 Global Financial Crisis -- Chapter 5 Future Perspective and Policy Implications.

Chapter 1 Introduction -- Chapter 2 Impact of the 2008 Global Financial Crisis -- Chapter 3 National Intellectual Capital Development of Four Large European Countries -- Chapter 4 Beyond the 2008 Global Financial Crisis -- Chapter 5 Future Perspectives and Policy Implications.

Chapter 1 Introduction -- Chapter 2 Impact of 2008 Global Financial Crisis -- Chapter 3 National Intellectual Capital Development in the Four Countries -- Chapter 4 Beyond the 2008 Global Financial Crisis -- Chapter 5 Future Perspective and Policy Implications.

Chapter 1 Introduction -- Chapter 2 Impact of 2008 Global Financial Crisis -- Chapter 3 National Intellectual Capital Development of the Four Small European Countries -- Chapter 4 The Aftermath of 2008 Global Financial Crisis -- Chapter 5 Future Perspective and Policy Implications.