1st Edition

Asia and the Middle-Income Trap

Edited By Francis E. Hutchinson, Sanchita Basu Das Copyright 2016
248 Pages 54 B/W Illustrations
by Routledge

246 Pages 54 B/W Illustrations
by Routledge

246 Pages 54 B/W Illustrations
by Routledge

The term ‘Middle-Income Trap’ refers to countries which stagnate economically after reaching a certain level of per capita income on the basis of labour- and capital-intensive growth, and are struggling to transition towards more skill-intensive and technology-driven development. It has resonance for the increasing number of countries in Asia who have either languished in middle-income status for... Read more

Preface

1. Asia and the Middle-Income Trap: An Overview, Francis E. Hutchinson and Sanchita Basu Das

2. The Middle-Income Trap Turns 10, Indermit Gill and Homi Kharas

3. Resilience and Escaping Development Traps: Lessons for Asian-Pacific Economies, Alla Myrvoda, Malhar Nabar and Changyong Rhee

4. Can China Rise to High Income? Yiping Huang

5. Is Indonesia Trapped in the Middle? Haryo Aswicahyono and Hal Hill

6. India: Escaping Low-Income Traps and Averting Middle-Income Ones, Shekhar Shah and Rajesh Chadha

7. Institutional Quality and Growth Traps, David Dollar

8. Avoiding "Tiger" Traps: How Human Capital Can Propel Countries beyond Middle-Income Status in East Asia, Emmanuel Jimenez and Elizabeth M. King

9. Escaping the Middle-Income Trap: Trade, Investment and Innovation, Shiro Armstrong and Tom Westland

Biography

Francis E. Hutchinson is a Senior Fellow and Coordinator of the Regional Economic Studies Programme at ISEAS-Yusof Ishak Institute, Singapore and Managing Editor of the Journal of Southeast Asian Economies.

Sanchita Basu Das is a Fellow and Lead Researcher in Economics at the ASEAN Studies Centre and the Coordinator of the Singapore APEC Study Centre, both based in the ISEAS-Yusof Ishak Institute, Singapore. She is also a co-editor of the Journal of Southeast Asian Economies.