Asia and the Middle-Income Trap

Business & Finance, Economics, Comparative Economics, Economic Development
Cover of the book Asia and the Middle-Income Trap by , Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9781317388661
Publisher: Taylor and Francis Publication: July 1, 2016
Imprint: Routledge Language: English
Author:
ISBN: 9781317388661
Publisher: Taylor and Francis
Publication: July 1, 2016
Imprint: Routledge
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Taylor and Francis

Cover of the book The Routledge Encyclopedia of the Historical Jesus by
Cover of the book The Regulatory Approach to Air Quality Management by
Cover of the book Industrial Change and Regional Economic Transformation by
Cover of the book Environment by
Cover of the book Authority in Islam: From Mohammed to Khomeini by
Cover of the book Postmodern Psychologies, Societal Practice, and Political Life by
Cover of the book Biodiversity, Genetic Resources and Intellectual Property by
Cover of the book My Mum Bakes Awesome Cakes by
Cover of the book Regional Interests and Regional Actors by
Cover of the book The Beginnings of Rome by
Cover of the book The EU's Democracy Promotion and the Mediterranean Neighbours by
Cover of the book Post-Conflict Heritage, Postcolonial Tourism by
Cover of the book The Archaeology of Shamanism by
Cover of the book Was Mao Really a Monster? by
Cover of the book Expansion or Exodus by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy