Escaping the middle-income trap: Trade, investment and innovation

Shiro Armstrong; Tom Westland

doi:10.4324/9781315677606-21

Escaping the middle-income trap: Trade, investment and innovation

Shiro Armstrong, Tom Westland

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

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Abstract

The Asia-Pacific region, especially East Asia, is home to a number of economies that have managed to graduate from middle-income status into the high-income group of economies. Starting with Japan’s rapid rise from the ashes of World War II, South Korea, Taiwan and Singapore all successfully caught up to the techno - logical frontier, and their peoples enjoy high incomes. Only 13 of 101 countries globally have been able to move from middle-income to high-income status since 1960 and catch up to the technological frontier.

Original language	English
Title of host publication	Asia and the Middle-Income Trap
Publisher	Taylor and Francis
Pages	207-224
Number of pages	18
ISBN (Electronic)	9781317388678
ISBN (Print)	9781138935112
DOIs	https://doi.org/10.4324/9781315677606-21
Publication status	Published - 1 Jul 2016

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Escaping the middle-income trap: Trade, investment and innovation

Abstract

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