Trapped in the Middle?: Developmental Challenges for Middle-Income Countries
José Antonio Ocampo, "Trapped in the Middle?: Developmental Challenges for Middle-Income Countries "
English | ISBN: 0198852770 | 2020 | 368 pages | PDF | 3 MB
English | ISBN: 0198852770 | 2020 | 368 pages | PDF | 3 MB
There is growing evidence that overcoming the low-income threshold and reaching middle-income status is not sufficient for countries to converge toward high-income levels. Few middle-income countries have successfully completed that transit in recent decades, with the majority remaining in the middle-income group, and so facing what has come to be called "the middle-income trap". It is therefore essential to explore whether middle-income traps really exist and, if they do, how these pitfalls are manifested, what their causes are, what economic policy measures are required to escape from them, and what international cooperation can do to support this process. Trapped in the Middle? brings together diverse perspectives on these important questions, providing new evidence and analytical approaches to enrich the debate on the domestic and international challenges faced by a significant number of middle-income countries, in which over three-quarters of the global population live.
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