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    Avoiding the Middle-income Trap in Asia: The Role of Trade, Manufacturing, and Finance

    Huang, Bihong; Morgan, Peter J.; Yoshino, Naoyuki | December 2018
    Abstract
    Avoiding the “middle-income trap” has become a major topic in the economic literature and a key concern for policy makers, even though a precise definition of it and empirical evidence for it remain elusive. The basic argument is that growth in high-income countries differs qualitatively from that of middle-income countries, and hence requires different factor endowments, industrial structures and policies. Increased capacity to innovate and economic reforms are seen as vital to support higher value-added production. Since achievement of high-income status is a key goal of many policy makers, understanding the factors that hinder or support this transition becomes important. This volume presents recent research related to the middle-income trap, with a focus on the experience of the People’s Republic of China, whose policy makers show great interest in the question.
    Citation
    Huang, Bihong; Morgan, Peter J.; Yoshino, Naoyuki. 2018. Avoiding the Middle-income Trap in Asia: The Role of Trade, Manufacturing, and Finance. © Asian Development Bank Institute. http://hdl.handle.net/11540/9354. License: CC BY 3.0 IGO.
    PDF ISBN
    9784899740803
    Print ISBN
    9784899740797
    Keywords
    Economic Crisis
    Economic Efficiency
    Economic Policies
    Regional Economic Development
    Job Evaluation
    Evaluation
    Macroeconomic
    Macroeconomic Analysis
    Performance Evaluation
    Impact Evaluation
    Economic Welfare
    Economic Incentives
    Economic Efficiency
    Price stabilization
    Food prices
    Price policy
    Crisis
    Unemployment
    Economic cooperation
    Gross domestic product
    Employment
    Economic forecast
    Economic indicators
    Growth models
    Gross domestic product
    Macroeconomics
    Economic forecast
    Social condition
    Economic dependence
    Economic assistance
    Open price system
    Price fixing
    Price regulation
    Consumer price indexes
    Financial crisis
    Labor economics
    Regional economics
    Turnover
    Economic survey
    Job analysis
    Labor turnover
    Exports
    Economic development projects
    Economic policy
    Economic forecasting
    Welfare economics
    Welfare state
    Poor
    Food relief
    Poverty
    Domestic economic assistance
    Efficiency wage theory
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/9354
    Metadata
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    adbi-avoiding-middle-income-trap-asia.pdf (13.17Mb)
    Author
    Huang, Bihong
    Morgan, Peter J.
    Yoshino, Naoyuki
    Theme
    Economics
    Evaluation
    Labor Migration
    Small Medium Business
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise