Swords into Plowshares ¤ James A. Yunker ¤ 4 June 2013 Using a simulation model, this research examines the potential impact of a very large-scale foreign development-assistance program (a “Global Marshall Plan”), financed largely from reallocation of military expenditure, on the future development of the world economy. The model’s key premise is that inequality among nations in per capita income is all or mostly due to differentials in generalized capital stocks. Generalized capital encompasses all reproducible primary factors of production other (...) read more
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