Global S&T Development Trend Analysis Platform of Resources and Environment
Escaping the Middle-Income Trap: Innovate or Perish | |
[unavailable] | |
2017-03-03 | |
出版年 | 2017 |
语种 | 英语 |
国家 | 国际 |
领域 | 气候变化 |
英文摘要 |
![]() Middle-income countries need to embrace a strategy focused on capability to advance innovation, move up the value chain, and create decent jobs. We analyze the reasons for the middle-income trap in Latin America, where countries have been at the middle-income level for decades, and draw out lessons for Asia. The middle-income trap captures a situation where a middle-income country can no longer compete internationally in standardized, labor-intensive goods because wages are relatively too high, but it also cannot compete in higher value-added activities on a broad enough scale because productivity is relatively too low. The result is slow growth, stagnant or falling wages, and a growing informal economy. Insufficient development of domestic innovation capabilities is at the heart of the middle-income trap. In Latin America, it is the result of a market-led strategy which generated dismal productivity growth, rapid de-industrialization, a decline in export sophistication in many countries, poor innovation performance, and underinvestment in the requisite social capabilities. Globalization provides a challenging context for middle-income countries to narrow the capabilities gap because they have less time to do so with more players competing in the innovation space and with technological innovation changing faster. A comprehensive innovation-focused strategy with strategic active policies is the only way to escape the middle-income trap. The nature of the production structure, already existing elements of an innovation ecosystem, and the possibilities for creating political coalitions in support of a systemic advancement of innovation capabilities are critical factors conditioning the escape from the middle-income trap. WORKING PAPER NO: 685 |
URL | 查看原文 |
来源平台 | Asian Development Bank |
文献类型 | 科技报告 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/233905 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | [unavailable]. Escaping the Middle-Income Trap: Innovate or Perish,2017. |
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文件名称/大小 | 文献类型 | 版本类型 | 开放类型 | 使用许可 | ||
adbi-wp685.pdf(3204KB) | 科技报告 | 开放获取 | CC BY-NC-SA | 浏览 下载 |
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