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 Japanâ€™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.
|Title of host publication||Asia and the Middle-Income Trap|
|Editors||Francis E. Hutchinson, Sanchita Basu Das|
|Place of Publication||Oxford|
|Publication status||Published - 2016|