Felipe, Jesus; Abdon, Arnelyn; Kumar, Utsav - Levy Economics Institute - 2012
This paper provides a working definition of what the middle-income trap is. We start by defining four income groups of … middle-income trap is, therefore, a question of how to grow fast enough so as to cross the lower-middle-income segment in at … possible reason why some countries get stuck in the middle-income trap: the role played by the changing structure of the …