Screen LibraryAvoiding the middle-income trap in Asia : the role of trade, manufacturing, and finance /
Avoiding the "middle-income trap" has become a major topic in the economic literature and a key concern for policy makers, even though a precise definition of it and empirical evidence for it remain elusive. The basic argument is that growth in high-income countries differs qualitatively f...
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| Group Author: | ; ; |
| Published: |
Asian Development Bank Institute,
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| Publisher Address: | Tokyo, Japan : |
| Publication Dates: | 2018. |
| Literature type: | Book |
| Language: | English |
| Subjects: | |
| Summary: |
Avoiding the "middle-income trap" has become a major topic in the economic literature and a key concern for policy makers, even though a precise definition of it and empirical evidence for it remain elusive. The basic argument is that growth in high-income countries differs qualitatively from that of middle-income countries, and hence requires different factor endowments, industrial structures and policies. Increased capacity to innovate and economic reforms are seen as vital to support higher value-added production. Since achievement of high-income status is a key goal of many policy makers, understanding the factors that hinder or support this transition becomes important. This volume presents recent research related to the middle-income trap, with a focus on the experience of the People's Republic of China, whose policy makers show great interest in the question. |
| Carrier Form: | xxi, 544 pages : illustrations ; 23 cm |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: |
9784899740797 4899740794 |
| Index Number: | HD87 |
| CLC: | F130.4 |
| Call Number: | F130.4/A961 |
| Contents: | Tables and figures -- Preface -- Abbreviations -- Contributors. Introduction / Naoyuki Yoshino, Peter J. Morgan, and Bihong Huang -- Transitioning from low-income growth to high-income growth: is there a middle-income trap? / David Bulman, Maya Eden, and Ha Nguyen -- The middle-income trap: lessons from Latin America / Eva Paus -- Economic growth and the middle-income trap: the People's Republic of China's challenges / Xiaolu Wang -- Manufacturing as the key engine of economic growth for middle-income economies / Dan Su and Yang Yao -- Service sector growth and the middle-income trap: the case of the People's Republic of China / Yanrui Wu -- Globalization, structural change, and interregional productivity growth in the emerging economies / Jagannath Mallick -- Housing prices and investment: an assessment of the inland-favoring land supply policies in the People's Republic of China / Libin Han and Ming Lu -- Inequality, aging, and the middle-income trap / Chen Wang and Jiajun Lan -- Distortions, growth catch-up, and sustainable growth / Xiaojing Zhang, Cheng Li, and Yu Li -- Why geographic dispersion before its time: industrial policy and economic geography in the People's Republic of China / Yiyun Wu and Xiwei Zhu -- Does fiscal decentralization help Indonesia avoid the middle-income trap? / Darius Tirtosuharto -- Credit market development and firm innovation: evidence from the People's Republic of China / Chun-Yu Ho, Xin Li, and Weimin Zhou -- Innovation and firm performance in the People's Republic of China: a structural approach with spillovers / Anthony Howell -- Index. |