The middle-income trap : some Asian experiences and lessons

Research output: Journal PublicationsJournal Article (refereed)

Abstract

What explains why only a handful of countries which have attained middle-income level have subsequently been successful in attaining income convergence with high-income countries, while most of their peers falter? The problem most face has been labelled as the “Middle-Income Trap.” How, precisely, does the trap impact once-promising economies, and can China, the world’s second largest economy, escape the trap? Are there examples China can emulate? The following pages elucidate these issues.
Original languageEnglish
Pages (from-to)19-28
Number of pages10
JournalAsia Pacific World
Volume4
Issue number2
Publication statusPublished - 1 Sep 2013
Externally publishedYes

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