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The Trickle Up Effect: A Collection of Economic and Scientific Papers

Florentin Smarandache & Victor Christianto

This book consists of a number of economic, mathematic, and scientific papers, covering different subjects, from global corporate control to cosmology issues. Hopefully the readers will find some interesting discussions in this collection. The trickle-up effect is defined here as a reverse process from the ?expected? trickle-down effect, a well known effect which is supposed to happen during development process.

According to an article in the Center of Progressive Economics: "Libertarians contend that the prosperity generated at the top of the economic latter will trickle down to everyone else." But the problem with pure laissez-faire economics is that the wealth generated at the top does not trickle down to the rest of society to a sufficient extent. The creative redistribution theory of Keynes and its implementation by FDR and World War II started to solve this problem, and made recirculation of wealth from the bottom to the top, which can be called as "the trickle up." One can argue therefore that trickle up effect is more realistic, that is by helping the poor then the effect will be spiraling up to the wealthy and the affluent people.

The same situation apparently also happens in development economics. For example it is common to assume that the development of a country will need foreign loan to trigger effects, and then the good effects of economic development will trickle down from the affluent to the less affluent people. But as shown by a number of economists, it is often the reverse that occurs: the money flowing from the poor to the affluent is much more than the money flowing from the affluent to the poor.

The writers of this book hope that this book will trigger further thinking and discussions concerning how the reality of economic development process - governed by World Bank and its allies - makes developing countries become even poorer.

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