The middle-income transition around the globe: Characteristics of graduation and slowdown

Arbeitspapier

The paper investigates the situation of middle-income economies around the world. Since 1965, only 18 economies with a population of more than 3 million and not dependent on oil exports have made the transition to being high income. Many more have not been able to move beyond the middle-income stage. We conduct statistical tests of differences between two groups of economies across a range of growth and development variables. The results suggest that middle-income economies are particularly weak in the following areas: governance, infrastructure, savings and investment, inequality, and quality - but not quantity - of education. The findings are used to suggest whether the People's Republic of China is successfully progressing through the middle-income stage or whether it may get caught in a middle-income trap.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: ADBI Working Paper ; No. 519

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Industrialization; Manufacturing and Service Industries; Choice of Technology ; Technological Change: Choices and Consequences; Diffusion Processes ; Economic Growth and Aggregate Productivity: General ; Economywide Country Studies: Asia including Middle East
• Thema: middle-income trap ; transition ; economic development ; slowdown

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Vandenberg, Paul ; Poot, Lilibeth ; Miyamoto, Jeffrey
• Ereignis: Veröffentlichung
• (wer): Asian Development Bank Institute (ADBI)
• (wo): Tokyo
• (wann): 2015

Weitere Informationen

• Handle: http://hdl.handle.net/10419/115335
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ