Latin America and the middle-income trap
Includes bibliography.
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ECLAC
2014
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| Acceso en línea: | http://hdl.handle.net/11362/36816 |
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oai-11362-368162021-08-12T16:11:42Z Latin America and the middle-income trap Paus, Eva CONDICIONES ECONOMICAS PAISES DE INGRESOS MEDIANOS POLITICA ECONOMICA INCOME ESTUDIOS DE CASOS ECONOMIC CONDITIONS MIDDLE-INCOME COUNTRIES ECONOMIC POLICY INCOME CASE STUDIES Includes bibliography. 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. Abstract .-- Introduction .-- I. The middle-income trap: a review of the literature .-- II. Latin America faces the middle-income trap .-- III. Lessons from other latecomers in the catch-up process .-- IV. Conclusions and challenges. 2014-07-04T16:24:13Z 2014-07-04T16:24:13Z 2014-06 Texto Documento Completo http://hdl.handle.net/11362/36816 LC/L.3854 en Serie Financiamiento para el Desarrollo 250 .pdf application/pdf AMERICA LATINA CHINA CHINA LATIN AMERICA ECLAC |
| institution |
Cepal |
| collection |
Cepal |
| language |
English |
| topic |
CONDICIONES ECONOMICAS PAISES DE INGRESOS MEDIANOS POLITICA ECONOMICA INCOME ESTUDIOS DE CASOS ECONOMIC CONDITIONS MIDDLE-INCOME COUNTRIES ECONOMIC POLICY INCOME CASE STUDIES |
| spellingShingle |
CONDICIONES ECONOMICAS PAISES DE INGRESOS MEDIANOS POLITICA ECONOMICA INCOME ESTUDIOS DE CASOS ECONOMIC CONDITIONS MIDDLE-INCOME COUNTRIES ECONOMIC POLICY INCOME CASE STUDIES Paus, Eva Latin America and the middle-income trap |
| description |
Includes bibliography. |
| format |
Texto |
| author |
Paus, Eva |
| author_facet |
Paus, Eva |
| author_sort |
Paus, Eva |
| title |
Latin America and the middle-income trap |
| title_short |
Latin America and the middle-income trap |
| title_full |
Latin America and the middle-income trap |
| title_fullStr |
Latin America and the middle-income trap |
| title_full_unstemmed |
Latin America and the middle-income trap |
| title_sort |
latin america and the middle-income trap |
| publisher |
ECLAC |
| publishDate |
2014 |
| url |
http://hdl.handle.net/11362/36816 |
| work_keys_str_mv |
AT pauseva latinamericaandthemiddleincometrap |
| _version_ |
1718439662710685696 |