Latin America and the Middle Income Trap
Latin America and the Middle Income Trap
复制标题
拉丁美洲与中等收入陷阱
DOI:
10.2139/ssrn.2473823
复制
发表时间:
2014
期刊:
影响因子:
--
通讯作者:
Eva Paus
中科院分区:
文献类型:
--
作者:
Eva Paus
Promising economic growth during the 2000s obfuscates the reality that Latin American countries are facing the acute threat of a middle-income trap. In a review of the literature on the middle-income trap I distinguish two approaches to the middle-income trap: one focuses mainly on the lack of structural change, the driving forces behind it, and the national and global context in which it unfolds; the other stresses growth slowdowns irrespective of time and place. I offer an extension of the structural change approach with an emphasis on the implications of the current globalization process. A productive capabilities-focused analysis reveals serious gaps in social and firm-level capabilities in Latin America economies, though the magnitude differs across indicators and countries. The experiences of China and small latecomers trying to move from the middle to the high-income level (Chile, the Dominican Republic, Jordan, Ireland, and Singapore) suggest that a cohesive productive capabilities-focused development strategy holds out great promise for generating growth-enhancing structural change. I conclude with a discussion of the key challenges Latin American countries have to overcome for the successful implementation of such a strategy to avoid the middle-income trap.
影响因子:
1.3
作者:
Jenkins R
通讯作者:
Jenkins R