FY 2014/2015 Research Topic: A-5-1
How to Escape Middle Income Trap: Strategies toward High Income Economies
There has been a renewed interest on crafting development policies among middle-income countries, so as to maintain a rapid pace of economic growth. These countries are losing cost competitiveness in their traditional export goods with rising labor costs. However, middle-income countries are also facing difficulties in transitioning into higher value-added economic activities in manufacturing and services, as these countries still lack sufficient innovation capabilities. Some middle-income countries have experienced slower growth over the decades. The purpose of this research is to examine the issue of a middle-income trap among East Asian countries in a comparative manner.
April 2014 - March 2015
Members of the Research Project
- IDE Policy Brief
- Research Paper