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 language | English |
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Title of host publication | Asia and the Middle-Income Trap |
Editors | Francis E. Hutchinson, Sanchita Basu Das |
Place of Publication | Oxford |
Publisher | Routledge |
Pages | 207-224 |
Edition | 1st |
ISBN (Print) | 9781315677606 |
Publication status | Published - 2016 |