The Global Dynamic-Strategy Model

Strategic demand is the central feature of both the dynamic-strategy model first presented in Longrun Dynamics (Snooks 1998b) and the theory of the global strategic transition (GST) developed in this book. To understand this concept, which is explored throughout Parts IV and V, it is necessary to review the complete model. As the dynamic-strategy model has been developed in detail in the earlier companion volume, no more than an outline is provided here. The main focus of this chapter is to place the model in a global context in order to explain the fundamental mechanism underlying the GST.