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Avoiding the Middle-Income Trap in Asia - The Role of Trade, Manufacturing, and Finance (Paperback)
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Avoiding the Middle-Income Trap in Asia - The Role of Trade, Manufacturing, and Finance (Paperback)
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Since many policymakers aspire to pull their countries out of the
middle-income trap and into the ranks of high-income countries,
they must understand the factors that hinder or support the
transition. This book defines the middle-income trap and examines
the roles of manufacturing, finance, and trade openness in
achieving sustainable development. The book also explores the role
of government policy in fostering growth in the People's Republic
of China. A common theme is that such policies may have unforeseen
side effects that undermine their effectiveness, including how the
hukou registration system and land-use policy control the pace of
urbanization.
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