Middle Income Trap

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Frontiers in Development Policy

Shahid Yusuf,Breda Griffith,Rwitwika Bhattacharya
Frontiers in Development Policy Book PDF

Author : Shahid Yusuf,Breda Griffith,Rwitwika Bhattacharya
Publisher : World Bank Publications
Page : 317 pages
File Size : 47,5 Mb
Release : 2011-09-15
Category : Business & Economics
ISBN : 9780821387856

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Frontiers in Development Policy by Shahid Yusuf,Breda Griffith,Rwitwika Bhattacharya Pdf

The global crisis of 2008-09 has brought to the forefront a plethora of economic and political policy issues. There is a re-opening of discussion on basic economic concepts, appropriate framework for analysis, role of private and public sectors in the economy, structural transformation of economies, human development and managing of growing risks and crises. The purpose of this book has been to bring home the inter-linkages in various parts of the economy and the need for practical policy making to reach development goals while being aware of the instabilities, complexities and downside risks inherent in the nature of a an economy operating in a globalized world. Thematically, this book focuses on two core types of policy: policies that promote strong, sustainable and inclusive growth in low income and middle income developing countries and new and emerging policies that necessitates a discussion amongst policy makers and practitioners. Throughout the book, the authors provide insight in to the different types of policy approaches that can be taken to help the economy grow. Ultimately the book looks to foster discussion amongst policy makers on growth and development.

Asia and the Middle-Income Trap

Francis E. Hutchinson,Sanchita Basu Das
Asia and the Middle Income Trap Book PDF

Author : Francis E. Hutchinson,Sanchita Basu Das
Publisher : Routledge
Page : 230 pages
File Size : 43,7 Mb
Release : 2016-07-01
Category : Business & Economics
ISBN : 9781317388678

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Asia and the Middle-Income Trap by Francis E. Hutchinson,Sanchita Basu Das Pdf

The term ‘Middle-Income Trap’ refers to countries which stagnate economically after reaching a certain level of per capita income on the basis of labour- and capital-intensive growth, and are struggling to transition towards more skill-intensive and technology-driven development. It has resonance for the increasing number of countries in Asia who have either languished in middle-income status for extended periods of time, or are worried about growth slow-downs. This book sets outs the conceptual underpinnings of the Middle-Income Trap and explores the various ways it can be defined. It also focuses on the debate surrounding the Middle-Income Trap which questions the appropriate institutional and policy settings for middle-income countries to enable them to continue past the easy phase of economic growth. The book engages with this debate by investigating the role of institutions, human capital, and trade policy in helping countries increase their income levels and by highlighting factors which enable the shift to higher and qualitatively better growth. It questions how the large emerging economies in Asia such as China, Indonesia, and India are currently grappling with the challenges of transitioning from labour-intensive to technology- and knowledge-intensive production, and discusses what can be learnt from the countries that have been able to escape the trap to attain high-income status. Providing a conceptual framework for the Middle-Income Trap, this book will be of interest to students and scholars of Asian Economics, Comparative Economics and Asian Studies.

China: Surpassing the “Middle Income Trap”

Shaojie Zhou,Angang Hu
China Surpassing the Middle Income Trap Book PDF

Author : Shaojie Zhou,Angang Hu
Publisher : Palgrave Macmillan
Page : 218 pages
File Size : 43,5 Mb
Release : 2020-10-06
Category : Business & Economics
ISBN : 9811565392

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China: Surpassing the “Middle Income Trap” by Shaojie Zhou,Angang Hu Pdf

This open access book explores one of the most fiercely debated issues in China: if and how China will surpass the middle income trap that has plagued many developing countries for years. This book gives readers a clear picture of China today and acts as a reference for other developing countries. China is facing many setbacks and experiencing an economic slowdown in recent years due to some serious issues, and income inequality is one such issue deferring China’s development potential by creating a middle income trap. This book thoroughly investigates both the unpromising factors and favorable conditions for China to overcome the trap. It illustrates that traps may be encountered at any stage of development and argues that political stability is the prerequisite to creating a favorable environment for economic development and addressing this “middle income trap”. Written by one of China's central planners, this book offers precious insights into the industrial policies that are transforming China and the world and will be of interest to China scholars, economists and political scientists.

Avoiding the Middle-Income Trap in Asia

Naoyuki Yoshino,Peter J. Morgan,Bihong Huang,Guanghua Wan
Avoiding the Middle Income Trap in Asia Book PDF

Author : Naoyuki Yoshino,Peter J. Morgan,Bihong Huang,Guanghua Wan
Publisher : Asian Development Bank
Page : 416 pages
File Size : 46,8 Mb
Release : 2017-12-26
Category : Business & Economics
ISBN : 4899740794

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Avoiding the Middle-Income Trap in Asia by Naoyuki Yoshino,Peter J. Morgan,Bihong Huang,Guanghua Wan Pdf

Since many policymakers aspire to pull their countries out of the middle-income trap and into the ranks of high-income countries, they must understand the factors that hinder or support the transition. This book defines the middle-income trap and examines the roles of manufacturing, finance, and trade openness in achieving sustainable development. The book also explores the role of government policy in fostering growth in the People's Republic of China. A common theme is that such policies may have unforeseen side effects that undermine their effectiveness, including how the hukou registration system and land-use policy control the pace of urbanization.

The Two-Income Trap

Elizabeth Warren,Amelia Warren Tyagi
The Two Income Trap Book PDF

Author : Elizabeth Warren,Amelia Warren Tyagi
Publisher : Basic Books
Page : 288 pages
File Size : 42,6 Mb
Release : 2016-04-12
Category : Social Science
ISBN : 9780465097715

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The Two-Income Trap by Elizabeth Warren,Amelia Warren Tyagi Pdf

From #1 New York Times bestselling author Senator Elizabeth Warren and consultant Amelia Warren Tyagi, the classic book about America's middle class -- and why economic security remains out of reach for many. In this exposé, Elizabeth Warren and Amelia Warren Tyagi show that modern middle-class families are increasingly trapped by the grinding reality of flat wages and rising costs. Warren and Tyagi reveal how a ferocious bidding war for housing and education has silently engulfed America's suburbs, driving up the cost of keeping families in the middle class, and placing unprecedented pressure on hard-working families. Revolutionary when it was first published in 2003, The Two-Income Trap remains disturbingly relevant today. Now with a new introduction by the authors, The Two Income Trap shows why the usual remedies won't solve the problem and points toward the policy changes that would create better opportunities for both parents and children.

Middle-Income Trap

Zhijie Zheng
Middle Income Trap Book PDF

Author : Zhijie Zheng
Publisher : Palgrave Macmillan
Page : 645 pages
File Size : 46,8 Mb
Release : 2021-10-06
Category : Business & Economics
ISBN : 9811574030

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Middle-Income Trap by Zhijie Zheng Pdf

This book explores the essence of the middle-income trap based on two major perspectives, namely “economic transformation” and “social transformation”. China has experienced high-speed economic growth for nearly 40 years since the adoption of the Reform and Opening policies. However, China’s economic growth has been slowing down significantly in recent years. Has China tumbled into the middle-income trap? This book reveals the essence of the middle-income trap is that a country's economic growth is facing a "double squeeze" in the middle-income stage, while the social structure and system are unsuitable for the new social development stage, which leads to economic stagnation or recession, and the aggravation of social contradictions, that is, the double predicament of economic transformation and social transformation. This judgment is of great value for understanding the problems encountered in the current development of China.

Law and Development of Middle-Income Countries

Randall Peerenboom,Tom Ginsburg
Law and Development of Middle Income Countries Book PDF

Author : Randall Peerenboom,Tom Ginsburg
Publisher : Cambridge University Press
Page : 399 pages
File Size : 51,6 Mb
Release : 2014-02-10
Category : Business & Economics
ISBN : 9781107028159

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Law and Development of Middle-Income Countries by Randall Peerenboom,Tom Ginsburg Pdf

This interdisciplinary volume addresses the special challenges that middle-income countries confront from both a theoretical and a practical perspective.

Emerging European Economies after the Pandemic

László Mátyás
Emerging European Economies after the Pandemic Book PDF

Author : László Mátyás
Publisher : Springer Nature
Page : 610 pages
File Size : 49,8 Mb
Release : 2022-03-11
Category : Business & Economics
ISBN : 9783030939632

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Emerging European Economies after the Pandemic by László Mátyás Pdf

This edited volume examines the development path of eight Central and Eastern European countries with an overlapping historical background that joined the European Union between 2004 and 2013, and identifies the main similarities and differences between the countries concerned. Based on wide comparative data analysis of Bulgaria, Croatia, The Czech Republic, Hungary, Poland, Romania, Slovakia, and Slovenia, each chapter in the volume provides detailed information about the state of the economy in a specific area preceding the pandemic shock. The book offers a detailed snapshot of the state of the different areas of the economy, starting from the time when the countries concerned came out of the 2008 financial crisis, up to the date when COVID-19 hit. Further, each chapter analyzes the effects of this unprecedented shock on a particular field, which is followed by highlighting the main problems the countries are facing at present and in the near future, together with identifying the available policy options. Finally, before concluding and making general and country-specific policy recommendations, some thoughts will be given to longer-term prospects. More specifically, the question of how the subject area could contribute to avoiding the "middle-income-trap" that this region may be facing will be addressed. The comprehensive approach makes this volume a must-read for scholars and students of economics, as well as policy decision-makers in Europe, interested in a better understanding of the region's economic development.

China's Innovation Challenge

Arie Y. Lewin,Martin Kenney,Johann Peter Murmann
China s Innovation Challenge Book PDF

Author : Arie Y. Lewin,Martin Kenney,Johann Peter Murmann
Publisher : Cambridge University Press
Page : 505 pages
File Size : 46,9 Mb
Release : 2016-04-14
Category : Business & Economics
ISBN : 9781107127128

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China's Innovation Challenge by Arie Y. Lewin,Martin Kenney,Johann Peter Murmann Pdf

This book argues that China must become an innovation-based economy to avoid the middle-income traps, and examines both the opportunities and challenges in meeting this goal.

Trapped in the Middle?

José Antonio Alonso,José Antonio Ocampo,Professor of Professional Practice in International and Public Affairs José Antonio Ocampo
Trapped in the Middle Book PDF

Author : José Antonio Alonso,José Antonio Ocampo,Professor of Professional Practice in International and Public Affairs José Antonio Ocampo
Publisher : Oxford University Press, USA
Page : 369 pages
File Size : 54,8 Mb
Release : 2020-10-22
Category : Electronic
ISBN : 9780198852773

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Trapped in the Middle? by José Antonio Alonso,José Antonio Ocampo,Professor of Professional Practice in International and Public Affairs José Antonio Ocampo Pdf

Trapped in the Middle? investigates whether middle-income traps really exist and, in case they do, how these pitfalls are manifested, their causes, what economic policy measures are required to escape from them, and what international cooperation can do to support this process.

An East Asian Renaissance

Indermit Singh Gill,Homi J. Kharas,Deepak Bhattasali
An East Asian Renaissance Book PDF

Author : Indermit Singh Gill,Homi J. Kharas,Deepak Bhattasali
Publisher : World Bank Publications
Page : 386 pages
File Size : 50,6 Mb
Release : 2007
Category : Business & Economics
ISBN : 9780821367483

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An East Asian Renaissance by Indermit Singh Gill,Homi J. Kharas,Deepak Bhattasali Pdf

An East Asian Renaissance, by a World Bank team led by Chief Economist for East Asia & Pacific, Dr Homi Kharas and Economic Adviser, Dr Indermit Gill is the first comprehensive analysis of the new forces and challenges at play in the region since the Bank's seminal report of 1993, The East Asian Miracle. The report argues that regional flows of goods, finance and technology are helping even smaller East Asian countries reap the benefits of economies of scale and that this regional integration must be encouraged. But it also points out that these measures have to be supported by actions at the domestic level to ease the stresses and strains that rapid economic growth leaves in its wake. East Asia must now turn to the urgent domestic challenges of inequality, social cohesion, corruption and environmental degradation arising from its economic success.

BRICS Or Bust?

Hartmut Elsenhans,Salvatore J. Babones
BRICS Or Bust Book PDF

Author : Hartmut Elsenhans,Salvatore J. Babones
Publisher : Stanford Briefs
Page : 0 pages
File Size : 45,7 Mb
Release : 2017
Category : Business & Economics
ISBN : 080479989X

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BRICS Or Bust? by Hartmut Elsenhans,Salvatore J. Babones Pdf

This book argues that Brazil, Russia, India, China, and South Africa must invest in the productivity of ordinary citizens to avoid or escape the middle-income trap. While the policies in service of this goal are not particularly controversial, the authors find that elite privilege has blocked their implementation, putting the future of key developing economies at risk.

Unexpected Prosperity

Oscar Calvo-Gonzalez
Unexpected Prosperity Book PDF

Author : Oscar Calvo-Gonzalez
Publisher : Oxford University Press
Page : 309 pages
File Size : 54,5 Mb
Release : 2021-09-02
Category : Business & Economics
ISBN : 9780198853978

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Unexpected Prosperity by Oscar Calvo-Gonzalez Pdf

Unexpected Propserity explains how Spain managed to avoid the middle income trap. With an original interpretation of the economic rise of Spain, Calvo-Gonzalez addresses questions about the political economy of reform, the role of industrial and public policy, and the enduring legacy of political violence and conflict.

Schumpeterian Analysis of Economic Catch-up

Keun Lee
Schumpeterian Analysis of Economic Catch up Book PDF

Author : Keun Lee
Publisher : Cambridge University Press
Page : 299 pages
File Size : 50,7 Mb
Release : 2013-10-31
Category : Business & Economics
ISBN : 9781107042681

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Schumpeterian Analysis of Economic Catch-up by Keun Lee Pdf

A fresh analysis of the secrets of Asian economic success and how other countries can escape the 'middle-income' trap.

Emerging States and Economies

Takashi Shiraishi,Tetsushi Sonobe
Emerging States and Economies Book PDF

Author : Takashi Shiraishi,Tetsushi Sonobe
Publisher : Springer
Page : 183 pages
File Size : 40,5 Mb
Release : 2018-11-19
Category : Political Science
ISBN : 9789811326349

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Emerging States and Economies by Takashi Shiraishi,Tetsushi Sonobe Pdf

This open access book asks why and how some of the developing countries have “emerged” under a set of similar global conditions, what led individual countries to choose the particular paths that led to their “emergence,” and what challenges confront them. If we are to understand the nature of major risks and uncertainties in the world, we must look squarely at the political and economic dynamics of emerging states, such as China, India, Brazil, Russia, and ASEAN countries. Their rapid economic development has changed the distribution of wealth and power in the world. Yet many of them have middle income status. To global governance issues, they tend to adopt approaches that differ from those of advanced industrialized democracies. At home, rapid economic growth and social changes put pressure on their institutions to change. This volume traces the historical trajectories of two major emerging states, China and India, and two city states, Hong Kong and Singapore. It also analyzes cross-country data to find the general patterns of economic development and sociopolitical change in relation to globalization and to the middle income trap.