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What (who) is O-ring theory of economic development - definition
O-ring theory of economic development
The O-ring theory of economic development is a model of economic development put forward by Michael Kremer in 1993, which proposes that tasks of production must be executed proficiently together in order for any of them to be of high value. The key feature of this model is positive assortative matching, whereby people with similar skill levels work together.
Ring theory
BRANCH OF ABSTRACT ALGEBRA IN MATHEMATICS
Ring Theory; History of ring theory
In algebra, ring theory is the study of ringsRing theory may include also the study of rngs.—algebraic structures in which addition and multiplication are defined and have similar properties to those operations defined for the integers.
National Economic Development Council
1962–1992 UNITED KINGDOM ECONOMIC PLANNING FORUM
National Economic Development Office; Little Neddy; Economic development committee
The National Economic Development Council (NEDC) was an economic planning forum set up in 1962 in the United Kingdom to bring together management, trades unions and government – a form of tripartism – in an attempt to address Britain's relative economic decline. It was supported by the National Economic Development Office (NEDO).
