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Tracking the Middle-Income Trap: What is It, Who is in It, and Why? (Part 2)
| Date: | March 2012 |
| Type: | Papers and Briefs |
| Series: | Economics Working Papers |
| ISSN: | 1655-5252 (print) |
Description
Jesus Felipe provides empirical evidence that supports the hypothesis that some countries get stuck in the middle-income trap as a result of not being able to increase the diversification and sophistication of their export packages. A comparison of the Republic of Korea, Malaysia, and the Philippines shows that the Republic of Korea diversified into more and more sophisticated products than the other two countries.
Contents
- Abstract
- Executive Summary
- What Characterizes the Countries in the Middle-income Trap? The Role of Structural Transformation
- Comparing Countries in the Trap with Those Not in It
- Not All Products Have the Same Consequences for Growth: The Product Trap
- The Republic of Korea, Malaysia, and the Philippines: Three Different Stories
- Conclusions
- Appendixes
- Selected References
