IFS

International Financing Standard (IFS)

The Greater Poverty & Wealth of Nations introduces the International Financing Standard. This is the minimum financing requirement for any country, including Zambia, applying accelerated growth. It consists of the moving average of the 10 countries in the world with the highest per capita income.

The IFS allows countries to determine the minimum level of financing they require in their economies. Applying Split Velocity then allows governments to ensure they never fall far behind in terms of the average per capita income their economies should enjoy.

Accelerated growth is not a new concept in economics:

Economics as a subject is going through changes. 

However, many influential people—business leaders, journalists, and even a few reputable economists—do not accept that dreary verdict. They believe that the old speed limits on growth have been repealed, perhaps even that the whole idea of speed limits is obsolete. The conceptual basis for their optimism is sometimes referred to as the new economy view, sometimes more grandly as the new paradigm. Whatever one calls it, this new view of the economy has spread with a rapidity rare in the annals of economic thought. One would have to go back to the rise of supply-side economics in the 1970s to find a case in which a radical economic theory has so quickly become conventional wisdom among a large group of opinion leaders.

Paul Krugman

[ Nobel Memorial Prize in Economic Sciences 2008]