MED and MUC Equations: A Comparative Analysis of Counter-Current Development Model for Developing Countries in the Knowledge Driven Economy

Abstract

This paper compares two sub-models under the Counter-Current Development Model in order to discover the remarkable differences between the two. These models are Meritocracy, Excellence and Development (MED); and then Mediocrity, Underdevelopment and Corruption (MUC). The equations are formulated and explained so as to let any developing country who wishes to advance to another level grab the ideas and employ them. Acceptance and application of the MED model would result in radical positive change (and such nations will be MADE); whereas neglect of MED would result to presence of MUC which is evidenced by continuous economic stagnation or backwardness (and such nations will be MOCKED).  Recommendations are given for the promising and rewarding development model.

Keywords: Counter-current development, MED model, MUC model, Developing countries, Knowledge economy