Development and Implications of the Asian NIEs —A trap for high-income countries as well; a diverse verification is necessary
نویسنده
چکیده
Even if the transition is made from a middle-income country to a high-income country due to high growth in a short period of time like in the NIEs, there is the possibility that after the middle-income trap, there is another waiting trap of a sort faced by high-income countries. Even in the case that some time is needed for growth and the middle-income trap is experienced, it is possible during that period to develop social institutions and the like to provide against a high-income trap. In such a case, there is the possibility of leading to mid-/long-term growth strategies.
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