Re-examining the Middle-Income Trap Hypothesis: What to Reject and What to Revive?
Han, Xuehui; Wei, Shang-Jin | July 2015
Abstract
Contrary to a popular belief, the data reject a simple-minded hypothesis of a middle-income trap; most
middle-income countries will attain the living standard of today’s United States. However, policy choices and
fundamentals matter. Macroeconomic stability, openness to foreign direct investment, and good infrastructure,
besides favorable demographics help to produce faster growth. There are also conditions under which countries
can be trapped or even move backward.
Citation
Han, Xuehui; Wei, Shang-Jin. 2015. Re-examining the Middle-Income Trap Hypothesis: What to Reject and What to Revive?. © Asian Development Bank. http://hdl.handle.net/11540/5052. License: CC BY 3.0 IGO.ISSN
2313-6537 (Print), 2313-6545 (e-ISSN)
Keywords
Economic Development
Economic assessment
Development Economics
Economic forecasting
Economics
Income
Citable URI
http://hdl.handle.net/11540/5052Metadata
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