Asia and the Middle-Income Trap

Name: Asia and the Middle-Income Trap
Brand: Taylor & Francis

Taylor & Francis

Asia and the Middle-Income TrapAuthor(s): Francis E. Hutchinson, Sanchita Basu Das\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781138580671, 978-1138580671\nSynopsis\nThe term Middle-Income Trap refers to countries which stagnate economically after reaching a certain level of per capita income on the basis of labour- and capital-intensive growth, and are struggling to transition towards more skill-intensive and technology-driven development. It has resonance for the increasing number of countries in Asia who have either languished in middle-income status for extended periods of time, or are worried about growth slow-downs. \n\nThis book sets outs the conceptual underpinnings of the Middle-Income Trap and explores the various ways it can be defined. It also focuses on the debate surrounding the Middle-Income Trap which questions the appropriate institutional and policy settings for middle-income countries to enable them to con.