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Escaping the middle-income trap Trade, investment and innovation

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Authors

Armstrong, Shiro
Westland, Tom

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Routledge

Abstract

The Asia-Pacific region, especially East Asia, is home to a number of economies that have managed to graduate from middle-income status into the high-income group of economies. Starting with Japan’s rapid rise from the ashes of World War II, South Korea, Taiwan and Singapore all successfully caught up to the techno - logical frontier, and their peoples enjoy high incomes. Only 13 of 101 countries globally have been able to move from middle-income to high-income status since 1960 and catch up to the technological frontier.

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Book Title

Asia and the Middle-Income Trap

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Restricted until

2099-12-31