[PDF.79bv] Asia and the Middle-Income Trap (PAFTAD (Pacific Trade and Development Conference Series))

Asia and the Middle-Income Trap (PAFTAD (Pacific Trade and Development Conference Series))

[PDF.ez31] Asia and the Middle-Income Trap (PAFTAD (Pacific Trade and Development Conference Series))

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 |  2016-07-01 |  2016-07-01 | File type: PDF

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||About the Author||Francis E. Hutchinson is a Senior Fellow and Coordinator of the Regional Economic Studies Programme at ISEAS-Yusof Ishak Institute, Singapore and Managing Editor of the Journal of Southeast Asian Economies. | |Sanchita Basu Das is a Fel

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-d...

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