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 |
|---|---|
| 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 |