Latin America and the middle-income trap

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cepal.bibLevelDocumento Completo
cepal.callNumberLC/L.3854
cepal.divisionEngFinancing for Development Division
cepal.divisionSpaDivisiĆ³n de Financiamiento para el Desarrollo
cepal.docTypeSeries
cepal.jelCode01
cepal.jelCode054
cepal.jelCode014
cepal.jelCode025
cepal.jobNumberS2014300
cepal.physicalDescriptiongrƔficos, tablas
cepal.regionalOfficeSantiago
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONƓMICO
dc.contributor.authorPaus, Eva
dc.coverage.spatialEngCHINA
dc.coverage.spatialEngLATIN AMERICA
dc.coverage.spatialSpaAMERICA LATINA
dc.coverage.spatialSpaCHINA
dc.date.accessioned2014-07-04T16:24:13Z
dc.date.available2014-07-04T16:24:13Z
dc.date.issued2014-06
dc.descriptionIncludes bibliography.
dc.description.abstractPromising economic growth during the 2000s obfuscates the reality that Latin American countries are facing the acute threat of a middle-income trap. In a review of the literature on the middle-income trap I distinguish two approaches to the middle-income trap: one focuses mainly on the lack of structural change, the driving forces behind it, and the national and global context in which it unfolds; the other stresses growth slowdowns irrespective of time and place. I offer an extension of the structural change approach with an emphasis on the implications of the current globalization process. A productive capabilities-focused analysis reveals serious gaps in social and firm-level capabilities in Latin America economies, though the magnitude differs across indicators and countries. The experiences of China and small latecomers trying to move from the middle to the high-income level (Chile, the Dominican Republic, Jordan, Ireland, and Singapore) suggest that a cohesive productive capabilities-focused development strategy holds out great promise for generating growth-enhancing structural change. I conclude with a discussion of the key challenges Latin American countries have to overcome for the successful implementation of such a strategy to avoid the middle-income trap.
dc.description.tableOfContentsAbstract .-- Introduction .-- I. The middle-income trap: a review of the literature .-- II. Latin America faces the middle-income trap .-- III. Lessons from other latecomers in the catch-up process .-- IV. Conclusions and challenges.
dc.formatTexto
dc.format.extent59 pƔginas.
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/L.3854
dc.identifier.urihttps://hdl.handle.net/11362/36816
dc.language.isoeng
dc.physicalDescription59 p.; grafs., tabls.
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.isPartOfSeriesSerie Financiamiento del Desarrollo
dc.relation.isPartOfSeriesNo250
dc.rights.coarDisponible
dc.subject.unbisEngECONOMIC CONDITIONS
dc.subject.unbisEngMIDDLE-INCOME COUNTRIES
dc.subject.unbisEngECONOMIC POLICY
dc.subject.unbisEngINCOME
dc.subject.unbisEngCASE STUDIES
dc.subject.unbisSpaCONDICIONES ECONOMICAS
dc.subject.unbisSpaPAISES DE INGRESOS MEDIANOS
dc.subject.unbisSpaPOLITICA ECONOMICA
dc.subject.unbisSpaINGRESOS
dc.subject.unbisSpaESTUDIOS DE CASOS
dc.titleLatin America and the middle-income trap
dc.type.coarlibro
dspace.entity.typePublication
relation.isAuthorOfPublication1512f490-9cf2-4973-9dca-d96ccaa30031
relation.isAuthorOfPublication.latestForDiscovery1512f490-9cf2-4973-9dca-d96ccaa30031
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