The classical (original) Neumann model is constructed under the following premises: An economy characterized by linear technology consists of industries, each of which has a finite number of production processes, i.e. several types of goods are produced, and joint activities of industries are allowed; production processes unfold in time, and the implementation of costs and […]
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Indicators of the level of socio-economic development used for international comparisons
In September 2000, world leaders at the so-called Millennium Summit adopted the United Nations Millennium Declaration. Leaders of rich and poor countries (189 countries participated) pledged to join forces to achieve specific development and poverty reduction goals no later than 2015, reaffirmed in March 2002 at the Un Conference on Financing for Development (Monterrey, Mexico) […]