Gyorsmenü

The middle-income trap

  • György Csáki 1
  • 1 professor, Szent István University, Faculty of Economics and Social Sciences

Middle-income trap has become a very popular narrative to explain the fact, that while it is relatively “easy” to catch up from low to middle-income level, it has been very hard and rare to emerge from the middle-income status into a highly developed economy. The question is, how to escape this trap? why some countries have been successful although the great majority has failed?

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pp. 82-93
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