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Convergence Success and the Middle-Income Trap
SSRN Electronic Journal, 2018This paper investigates the economic growth experiences of middle‐income economies over the period 1960–2014 focusing on two groups of countries. The “convergence success” group includes middle‐income economies which have graduated to a high‐income status or have achieved rapid convergence progress. When an economy in the “nonsuccess” group experienced
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Aspects of the Middle Income Trap
2020In 2007, the World Bank published the report, “An East Asian Renaissance: Ideas for Economic Growth,” and raised the issue of “a middle income trap” for the first time. In “China 2030: Building a Modern, Harmonious, and Creative Society,” released in 2012 by the World Bank and the Development Research Center of the State Council of the People’s ...
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Avoiding Middle-Income Growth Traps [PDF]
Economic Premise, 2012 Since the 1950s, rapid growth has allowed a significant number of countries to reach middle-income status; yet, very few have made the additional leap needed to become high-income economies. Rather, many developing countries have become caught in what has been called a middle-income trap, characterized by a sharp deceleration in growth and in the pace ...
Pierre-Richard Agénor +2 more
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Overcoming the middle-income trap: International experiences and China’s choice
China Economic Journal, 2021Xun Wang, Zhuo Huang
exaly