Since we coined the term in 2006, “the middle income trap” has been the subject of scores of investigations. The investigators have generally tried to answer one of two questions: Is there evidence to support the existence of the trap, and what can middle-income countries do to spring free...

The paper argues that the form in which collective bargaining is organized might be a decisive factor in determining the performance of modern industrialized economies. The whole literature on corporatism is concerned with showing that the degree of centralization and coordination in wage...