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 THE MIDDLE-INCOME TRAP also on Seeking Alpha

Otaviano Canuto, Policy Center for the New South

The “middle-income trap” has become a broad designation trying to capture the many cases of developing countries that succeeded in evolving from low- to middle-levels of per capita income, but then appeared to stall, losing momentum along the route toward the higher income levels of advanced economies. We need to approach middle-income countries as being in a complex transition phas…

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The Middle-Income Trap

We need to approach middle-income countries as being in a complex transition phase between accumulation and innovation-based economies.

6Davi Soares Alves and 5 others