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Middle-Income Trap. Is there a way out? (eBook, PDF)

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Essay from the year 2017 in the subject Business economics - Economic Policy, grade: Distinction, London School of Economics, language: English, abstract: Middle-income trap has become a well-known phenomenon with a large number of countries falling into the trap and getting stagnated. The article is an attempt to investigate whether falling into the Middle-income trap is inevitable or there is a way out through in-depth review of secondary research. The article argues, supported by previous empirical and descriptive evidence, that countries (and regions within) are not systematically bound to...

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