Global Transition is an innovative study that analyses the problems and prospects of the Third World by building on the theoretical contribution - the dynamic-strategy model - made in the author's acclaimed Longrun Dynamics. It formulates a general economic and political theory he calls the global strategic transition (GST) model. The central feature of this model is the global strategic demand-response mechanism involving an interaction between the world's expanding strategic core and its fringe, which is facilitated through strategic inflation. This model also provides the basis for a new policy approach to economic development.

GRAEME DONALD SNOOKS is the Coghlan Professor in Economics at the Institute of Advanced Studies, Australian National University. He has published many books on the dynamics of human society. This book is the final volume in his trilogy on the theory of social dynamics that includes Economics Without Time and Longrun Dynamics. He is a general editor of the multivolume A Modern Economic History of Southeast Asia.