BRAZIL AND SOUTH KOREA: TWO TALES OF A MIDDLE-INCOME TRAP
Otaviano Canuto, Policy Center for the New South
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 differ…
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