Beyond catch-up—can a new innovation policy help China overcome the middle income trap?

Will China Avoid the Middle-Income Trap?

This paper employs a historical approach to address whether a country can avoid the middle-income trap. The development of the manufacturing sector and technological capacities are important for a country to avoid the middle-income trap. South Korea avoided the middleincome trap through developing the manufacturing sector. Argentina became a middle-income country by exporting agricultural goods...

Can Savings Help Overcome Income Instability

This brief explores the role that savings can play in alleviating material hardship for low-income households. We use longitudinal household data from the Survey of Income and Program Participation (SIPP) to examine whether modest liquid assets—sometimes referred to as precautionary or emergency savings, a rainy-day fund, or ready money—can protect against impending hardship for low-income hous...

APEC and the Middle Income Trap

 The Middle Income Trap has come to dominate headlines and policy discussions in the Asia-Pacific. Recent research suggests that growth past a certain threshold requires a qualitative ‘shift’ as economies transition from labourand capital-intensive growth to productivityand technology-driven growth. However, while more and more countries have attained middle income levels, very few have been a...

The Nature and Avoidance of the “ Middle Income Trap ”

The “middle income trap” is a significant theoretical and practical issue closely related to the economic and social transition and sustainable development of a country. This paper explores the essence of the “middle income trap” and ways to avoid it. It reveals that the inner nature of the “middle income trap” lies in the institutional transition dilemma, which results essentially from a lack ...

978 - 1 - 107 - 04268 - 1 - Schumpeterian Analysis of Economic Catch - up : Knowledge , Path - Creation , and the Middle - Income Trap