This paper is intended to provide an updated discussion on a series of issues that the relevant literature suggests to be crucial in dealing with the challenges a middle income country may encounter in its attempts to further catch-up a higher income status. In particular, the conventional...

One of the key features of modern economic growth is the process of structural transformation, which is the movement of workers from agriculture to manufacturing and services. In this study, the author identifies different routes to structural transformation that we see in the developing world....

Economic diversification : new thinking -- Industrial diversification and the evolving position of natural resources in the Canadian economy -- Diversification of the saudi economy : challenges and prospects -- Diversification in latin american oil exporters : was no intervention a better policy...