Agénor, Pierre-Richard; Canuto, Otaviano; Jelenic, Michael - In: World Bank - Economic Premise (2012) 98, pp. 1-7
Since the 1950s, rapid growth has allowed a significant number of countries to reach middle-income status; yet, very few have made the additional leap needed to become high-income economies. Rather, many developing countries have become caught in what has been called a middle-income trap,...