Escaping the Middle-Income trap: Trade, Investment and Innovation

Shiro Armstrong, Tom Westland

    Research output: Chapter in Book/Report/Conference proceedingChapter

    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.
    Original languageEnglish
    Title of host publicationAsia and the Middle-Income Trap (Pacific Trade & Development Conference Series - PAFTAD)
    Editors Francis E Hutchinson & Sanchita Basu Das
    Place of PublicationNew York
    PublisherRoutledge Taylor & Francis Group
    Pages207-224
    Edition1
    ISBN (Print)978-1-138-93511-2
    DOIs
    Publication statusPublished - 2016

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