Brazil, South Korea: Two Tales of Climbing an Income Ladder
Otaviano Canuto | September 03, 2020
The “middle income trap” may well characterize the experience of Brazil and most of Latin America since the 1980s. Conversely, South Korea maintained its pace of evolution, reaching a high-income status. Such divergence of economic growth can be related to their distinctive performances of domestic accumulation of technological and organizational capabilities. Their different appr…
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