Global S&T Development Trend Analysis Platform of Resources and Environment
Middle-Income Trap (MIT): Review of the Conceptual Framework | |
[unavailable] | |
2017-07-10 | |
出版年 | 2017 |
语种 | 英语 |
国家 | 国际 |
领域 | 气候变化 |
英文摘要 |
![]() Middle-income trap? "Convergence trap" might better explain the difficult transition to high-income status faced by at least 70 countries. We aim to develop a conceptual framework for the middle-income trap (MIT). First, we present an extensive literature review of what the MIT concept is, why economies become ‘stuck’ in the MIT, and how the idea is criticized. Second, we put together a list of countries stuck in the MIT according to different definitions. We contribute to the literature by concluding that there are significant inconsistencies among the prevailing definitions of the MIT. In particular, 60.2% of all countries have been classified as stuck in the trap by at least one definition, as compared to 48.4% of all countries being currently classified as middle-income by the World Bank. Furthermore, at least 36.0% of all countries have been simultaneously classified as stuck in the trap by some definitions and as escapees by others. Third, we propose a framework for assessing exposure to the MIT based on the following factors: i) unfavorable demographics, ii) low level of economic diversification, iii) inefficient financial market, iv) insufficiently advanced infrastructure, v) low level of innovation, vi) weak institutions, vii) inefficient labor market. Finally, as the analysis of the MIT definitions delivers mixed results, we introduce a new concept, the convergence trap. WORKING PAPER NO: 760 |
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/234130 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | [unavailable]. Middle-Income Trap (MIT): Review of the Conceptual Framework,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-wp760.pdf(1574KB) | 科技报告 | 开放获取 | CC BY-NC-SA | 浏览 下载 |
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