The International Political Economy of the Middle-income Trap

Developing countries face uncertain trajectories for growth in the twenty-first century, with many finding themselves a ‘middle-income trap’. Extant theories politics of development that focus on domestic institutional strength and weakness represent necessary but not fully sufficient explanations middle-income countries. In order to explain uneven outcomes an era heightened globalisation, this article seeks explore impact international institutions, specifically post-Cold War structures trade investment global value chains, possibilities The particular character rules norms defining power dynamics behind their design suggest institutions as well factors disappointing increasingly unequal among