Since the 1950s, rapid growth has allowed a significant number of countries to reach middle-income status; yet, very few have made the additional leap needed to become high-income economies. Rather, many developing countries have become caught in what has been called a middle-income trap, characterized by a sharp deceleration in growth and in the pace of productivity increases. Drawing on the findings of a recently released working paper (Agenor and...
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INFORMATION
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2012/11/01
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73792
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2012/11/20
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Disclosed
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Avoiding middle-income growth traps
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Poverty Reduction & Economic Management
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