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The Middle-Income Trap and Premature Deindustrialization in South Africa

Antonio Andreoni and Fiona Tregenna

in Structural Transformation in South Africa: The Challenges of Inclusive Industrial Development in a Middle-Income Country

Published in print:
2021
Published Online:
September 2021
ISBN:
9780192894311
eISBN:
9780191915352
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780192894311.003.0011
Subject:
Economics and Finance, Development, Growth, and Environmental, Macro- and Monetary Economics

South Africa has been experiencing premature deindustrialization and poor growth over an extended period of time. Premature deindustrialization is among the key factors locking many middle-income ... More


China's Technological Leapfrogging and Economic Catch-up: A Schumpeterian Perspective

Keun Lee

Published in print:
2021
Published Online:
December 2021
ISBN:
9780192847560
eISBN:
9780191939860
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780192847560.001.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

After a miraculous economic growth, spurred by the Beijing Consensus, China is now facing a slowdown. This book deals with the interesting issue of the middle-income trap—the phenomenon of the ... More


Possibility of a Middle-Income Trap in China

Keun Lee

in China's Technological Leapfrogging and Economic Catch-up: A Schumpeterian Perspective

Published in print:
2021
Published Online:
December 2021
ISBN:
9780192847560
eISBN:
9780191939860
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780192847560.003.0009
Subject:
Economics and Finance, Development, Growth, and Environmental

Chapter 9 discusses the possibility of China falling into the middle-income trap in terms of three checkpoints: innovation capability, big businesses, and inequality. The main finding is that China ... More


The Food Security Roots of the Middle-Income Trap

Scott Rozelle, Jikun Huang, and Xiaobing Wang

in The Evolving Sphere of Food Security

Published in print:
2014
Published Online:
October 2014
ISBN:
9780199354054
eISBN:
9780199398959
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199354054.003.0003
Subject:
Economics and Finance, International

Volumes have been written about calorie and protein deficiencies in poor countries. However, much less research has been compiled on the food security problems of middle-income countries with ... More


Economic Traps and Progress in Middle-Income Countries: An Introduction

José Antonio Alonso and José Antonio Ocampo

in Trapped in the Middle?: Developmental Challenges for Middle-Income Countries

Published in print:
2020
Published Online:
November 2020
ISBN:
9780198852773
eISBN:
9780191887154
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198852773.003.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

The chapter discusses the existence of potential economic traps that limit the capacity for middle-income countries (MICs) to converge towards high-income status. It presents an empirical exploration ... More


Slowdown Capitalism: Is there a new middle-income poverty trap?

Andy Sumner

in Global Poverty: Deprivation, Distribution, and Development Since the Cold War

Published in print:
2016
Published Online:
August 2016
ISBN:
9780198703525
eISBN:
9780191829215
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198703525.003.0006
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter argues: first, if inequality is not mediated during economic growth and structural change, middle-income countries (MICs) may, in the future, face a new kind of middle-income poverty ... More


Trapped in the Middle?: Developmental Challenges for Middle-Income Countries

José Antonio Alonso and José Antonio Ocampo (eds)

Published in print:
2020
Published Online:
November 2020
ISBN:
9780198852773
eISBN:
9780191887154
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198852773.001.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

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 ... More


Middle-Income Countries and Multilateral Development Banks: Traps on the Way to Graduation Otaviano Canuto, Matheus Cavallari, and Tiago Ribeiro dos Santos

Otaviano Canuto, Matheus Cavallari, and Tiago Ribeiro dos Santos

in Trapped in the Middle?: Developmental Challenges for Middle-Income Countries

Published in print:
2020
Published Online:
November 2020
ISBN:
9780198852773
eISBN:
9780191887154
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198852773.003.0012
Subject:
Economics and Finance, Development, Growth, and Environmental

Multilateral Development Banks (MDBs) have two financing windows, with different terms, dedicated to low- and middle-income countries. Countries are presumed to cross those windows as their income ... More


Introducing Schumpeter to China

Keun Lee

in China's Technological Leapfrogging and Economic Catch-up: A Schumpeterian Perspective

Published in print:
2021
Published Online:
December 2021
ISBN:
9780192847560
eISBN:
9780191939860
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780192847560.003.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

Economic catch-up is defined in the literature as the narrowing of a latecomer firm’s or country’s gap vis-à-vis a leading country or firm. However, latecomers do not simply follow the advanced ... More


Middle Innovation Trap: Capability Transition Failure and Stalled Economic Growth

Jeong-Dong Lee, Chulwoo Baek, and Jung-In Yeon

in The Challenges of Technology and Economic Catch-up in Emerging Economies

Published in print:
2021
Published Online:
July 2021
ISBN:
9780192896049
eISBN:
9780191918537
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780192896049.003.0004
Subject:
Business and Management, Innovation

In the context of emerging economies, long-run economic growth and development encompass mechanisms from technological catching-up to moving forward by one’s upgrading. However, as the economy ... More


Technology Upgrading and Economic Catch-Up: Context, Overview, and Conclusions

Jeong-Dong Lee, Keun Lee, Dirk Meissner, Slavo Radosevic, and Nicholas S. Vonortas

in The Challenges of Technology and Economic Catch-up in Emerging Economies

Published in print:
2021
Published Online:
July 2021
ISBN:
9780192896049
eISBN:
9780191918537
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780192896049.003.0001
Subject:
Business and Management, Innovation

This chapter begins with a brief overview of the current literature on economic growth and innovation, and the process of technology upgrading. It defines the key concepts that will be used ... More


Centripetal Politics and Institution Building in Exiting the Middle-Income Trap

Richard Doner and Ross Schneider

in Trapped in the Middle?: Developmental Challenges for Middle-Income Countries

Published in print:
2020
Published Online:
November 2020
ISBN:
9780198852773
eISBN:
9780191887154
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198852773.003.0005
Subject:
Economics and Finance, Development, Growth, and Environmental

The policies and institution building needed to overcome the middle-income trap are costly, lengthy, and difficult. At the same time, major social groups in many middle-income countries are ... More


Thucydides Trap, Global Value Chain, and Future of China

Keun Lee

in China's Technological Leapfrogging and Economic Catch-up: A Schumpeterian Perspective

Published in print:
2021
Published Online:
December 2021
ISBN:
9780192847560
eISBN:
9780191939860
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780192847560.003.0010
Subject:
Economics and Finance, Development, Growth, and Environmental

Chapter 10 analyzes the issue of whether China would fall into the Thucydides trap, which is defined here as a situation where the US causes China to stop expanding as an economic power. Before the ... More


Global Value Chains, Preferential Trade, and the Middle-Income Trap

Renato Baumann

in Trapped in the Middle?: Developmental Challenges for Middle-Income Countries

Published in print:
2020
Published Online:
November 2020
ISBN:
9780198852773
eISBN:
9780191887154
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198852773.003.0014
Subject:
Economics and Finance, Development, Growth, and Environmental

After a period of rapid growth, developing countries often experience a slowdown in growth and productivity, falling into what has come to be known as the “‘middle-income trap.” Production chains in ... More


Employment, Skills, and Upgrading

D. Hugh Whittaker, Timothy J. Sturgeon, Toshie Okita, and Tianbiao Zhu

in Compressed Development: Time and Timing in Economic and Social Development

Published in print:
2020
Published Online:
October 2020
ISBN:
9780198744948
eISBN:
9780191806032
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198744948.003.0007
Subject:
Business and Management, Knowledge Management

Employment and skills are at the heart of economic development and the ‘middle-income trap’. Chapter 6 charts the evolution of ‘standard’ employment, and an expectation that the informal sector would ... More


Unexpected Prosperity: How Spain Escaped the Middle Income Trap

Oscar Calvo-Gonzalez

Published in print:
2021
Published Online:
October 2021
ISBN:
9780198853978
eISBN:
9780191888373
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198853978.001.0001
Subject:
Economics and Finance, Macro- and Monetary Economics, Public and Welfare

Only a handful of economies have successfully transitioned from middle to high income in recent decades. One such case is Spain. How did it achieve this feat? Despite its relevance to countries that ... More


Will China continue to prosper?

Simon Cox

in The Oxford Companion to the Economics of China

Published in print:
2014
Published Online:
December 2014
ISBN:
9780199678204
eISBN:
9780191788635
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199678204.003.0007
Subject:
Economics and Finance, South and East Asia

This chapter considers the prospects for China’s future growth. China’s per capita growth is expected to slow down as it narrows the gap with the USA. From an average of 9.3 per cent over the years ... More


Southeast Asia: Thriving in the Shadow of Giants

Vikram Nehru

in China, The United States, and the Future of Southeast Asia: U.S.-China Relations, Volume II

Published in print:
2017
Published Online:
January 2018
ISBN:
9781479866304
eISBN:
9781479826308
Item type:
chapter
Publisher:
NYU Press
DOI:
10.18574/nyu/9781479866304.003.0001
Subject:
Political Science, Comparative Politics

Southeast Asia has achieved impressive economic performance over the years, which positions it well for future economic and social progress. The two largest economies in the world—the United States ... More


The Challenges of Technology and Economic Catch-up in Emerging Economies

Jeong-Dong Lee, Keun Lee, Dirk Meissner, Slavo Radosevic, and Nicholas Vonortas (eds)

Published in print:
2021
Published Online:
July 2021
ISBN:
9780192896049
eISBN:
9780191918537
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780192896049.001.0001
Subject:
Business and Management, Innovation

This book synthesizes and interprets existing knowledge on technology upgrading failures as well as lessons from successes and failures in order to better understand the challenges of technology ... More


Turkey: Always at a crossroads, never quite there

Utku Teksoz

in Handbook of BRICS and Emerging Economies

Published in print:
2020
Published Online:
January 2021
ISBN:
9780198827535
eISBN:
9780191866395
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198827535.003.0043
Subject:
Economics and Finance, Development, Growth, and Environmental

From an economic perspective, Turkey is at the crossroads where it could break the middle-income trap and become a high-income country provided that the right socio-economic policies are implemented. ... More


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