The Middle-Income Trap from a Schumpeterian Perspective

APEC and the Middle Income Trap

 The Middle Income Trap has come to dominate headlines and policy discussions in the Asia-Pacific. Recent research suggests that growth past a certain threshold requires a qualitative ‘shift’ as economies transition from labourand capital-intensive growth to productivityand technology-driven growth. However, while more and more countries have attained middle income levels, very few have been a...

Will China Avoid the Middle-Income Trap?

This paper employs a historical approach to address whether a country can avoid the middle-income trap. The development of the manufacturing sector and technological capacities are important for a country to avoid the middle-income trap. South Korea avoided the middleincome trap through developing the manufacturing sector. Argentina became a middle-income country by exporting agricultural goods...

978 - 1 - 107 - 04268 - 1 - Schumpeterian Analysis of Economic Catch - up : Knowledge , Path - Creation , and the Middle - Income Trap

The Nature and Avoidance of the “ Middle Income Trap ”

The “middle income trap” is a significant theoretical and practical issue closely related to the economic and social transition and sustainable development of a country. This paper explores the essence of the “middle income trap” and ways to avoid it. It reveals that the inner nature of the “middle income trap” lies in the institutional transition dilemma, which results essentially from a lack ...

ON TRUNCATED MEASURES OF INCOME INEQUALITY FROM A FUZZY PERSPECTIVE

In most statistical analysis, inequality or extent of variation in income isrepresented in terms of certain summary measures. But some authors arguedthat the concept of inequality is vague and thus cannot be measured as anexact concept. Therefore, fuzzy set theory provides naturally a useful toolfor such circumstances. In this paper we have introduced a real-valued fuzzymethod of illustrating t...