Economics, Developmentand Human Cooperation Theory
Journal Title: International journal of Emerging Trends in Science and Technology - Year 2018, Vol 5, Issue 8
Abstract
Developmental economists have always been concerned with how the gap between developed nations and some developing nations could be bridged in terms of the manner the former’s economies have expanded. While some believethat cooperation between these economies is needed in order to aid these poor nations surmount their predicament, yet there are others who think that deep seated cultural factors affect the ability to exploit science, technology and markets, to which we agree from the perspective of lack of the use of culturally appropriate language to imbibe knowledge and the utilization of appropriate innovation techniques. It is also acknowledged that these poor nations require the pivotal role of their own institutions in giving their citizens the right incentives for innovation and good governance. Utilizing the deductive approach, the article provides useful premises and definitions by which other propositions or theorems are deduced from for further consideration and analyses. The deductive method is a sure scientific method where scientific knowledge could be procured and later tested empirically by scientists. Thepropositions are then proved with observation, empirical materials, and reasoning. As a result, economics and human cooperation theory is obtained.When comparing divergent economics outcomes between nations and societies, we think that the use of the original language (mother tongue, culturally appropriate language) of that particular society or nation may have an important role to play. Appropriate incentives and right innovation techniques in addition to good infrastructural developments must be adequately developed in order to ensure superb development and cooperation in this wider context of development. The new theory of cooperation economics illuminate on these essential lights as utmost important and vital ingredients.
Authors and Affiliations
Desmond Ayim-Aboagye
Keywords
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