Long Wave Theory - Kondratieff Wave
A long-term cycle present in capitalist economies that represents long-term, high-growth and low-growth economic periods. This theory was founded by Russian Economist Nikolai D. Kondratieff (also spelled "Kondratiev"). He noticed an approximately 50-year cycle in European agricultural commodity prices and copper prices. Kondratieff believed that these long cycles were a feature of the economic activity of capitalist nations, and that they involved periods of evolution and self-correction. So far we have gotten five of those waves. The period of 2017-2020 will produce the 6th wave with the whole new world structure.
MBA (UPM, Malaysia), Visiting Scholar (UoM, Japan), BBA (University of Dhaka, Bangladesh).
Lecturer in Finance
Department of Entrepreneurship
Daffodil International University
Daffodil Business Incubator Building
Dhanmondi, Dhaka 1207, Bangladesh