Trapped in the Middle?
Developmental Challenges for Middle-Income Countries
Series:
Initiative for Policy Dialogue;
Publisher: OUP Oxford
Date of Publication: 22 October 2020
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Product details:
| ISBN13: | 9780198852773 |
| ISBN10: | 01988527711 |
| Binding: | Hardback |
| No. of pages: | 368 pages |
| Size: | 23x162x242 mm |
| Language: | English |
| 336 |
Category:
Short description:
Trapped in the Middle? investigates whether middle-income traps really exist and, in case they do, how these pitfalls are manifested, their causes, what economic policy measures are required to escape from them, and what international cooperation can do to support this process.
Long description:
There is growing evidence that overcoming the low-income threshold and reaching middle-income status is not sufficient for countries to converge toward high-income levels. Few middle-income countries have successfully completed that transit in recent decades, with the majority remaining in the middle-income group, and so facing what has come to be called "the middle-income trap". It is therefore essential to explore whether middle-income traps really exist and, if they do, how these pitfalls are manifested, what their causes are, what economic policy measures are required to escape from them, and what international cooperation can do to support this process. Trapped in the Middle? brings together diverse perspectives on these important questions, providing new evidence and analytical approaches to enrich the debate on the domestic and international challenges faced by a significant number of middle-income countries, in which over three-quarters of the global population live.
Table of Contents:
Economic traps and progress in Middle-Income Countries: An Introduction
Growth strategies to avoid the Middle-Income Traps
Innovation and the three detours for economic growth beyond the middle-income stage
Is there an institutional trap in MICs?
Centripetal politics and institutional building in existing the middle-income traps
Citizen´s raising expectations: A call to rebuild the social contract
Is there new capacity for redistribution to end poverty in MICs?
Promoting universal social policy in MICs
Employment and labour markets in MICs: How to cope with technological change and global challenges
Should middle-income countries implement environmental policies?
National development finance in middle-income countries: The role of national development banks
Middle-income countries and Multilateral Development Banks: Traps on the way to graduation
The disruptive role of MICs in the development cooperation system: Providers and recipients
Global value chains, Preferential Trade and the middle-income trap
Middle-income countries and the international monetary system
Growth strategies to avoid the Middle-Income Traps
Innovation and the three detours for economic growth beyond the middle-income stage
Is there an institutional trap in MICs?
Centripetal politics and institutional building in existing the middle-income traps
Citizen´s raising expectations: A call to rebuild the social contract
Is there new capacity for redistribution to end poverty in MICs?
Promoting universal social policy in MICs
Employment and labour markets in MICs: How to cope with technological change and global challenges
Should middle-income countries implement environmental policies?
National development finance in middle-income countries: The role of national development banks
Middle-income countries and Multilateral Development Banks: Traps on the way to graduation
The disruptive role of MICs in the development cooperation system: Providers and recipients
Global value chains, Preferential Trade and the middle-income trap
Middle-income countries and the international monetary system
