UNUnited Nations
Español
English
ABOUT ECLACLIBRARYTERMS OF USEABOUT THIS REPOSITORY
Home

DIGITAL REPOSITORY
Economic Commission for Latin America and the Caribbean

EVENTSPROJECTS
GENDER AFFAIRSINTERNATIONAL TRADE AND INTEGRATIONECONOMIC DEVELOPMENTPRODUCTION, PRODUCTIVITY AND MANAGEMENTSOCIAL DEVELOPMENTSUSTAINABLE DEVELOPMENT AND HUMAN SETTLEMENTSSTATISTICSPLANNING FOR DEVELOPMENTPOPULATION AND DEVELOPMENTNATURAL RESOURCES
COUNTRY/REGIONRECENT SUBMISSIONSCOLLECTIONS☰
View Item 
  •   Home
  • Series de la CEPAL
  • Financiamiento para el Desarrollo
  • View Item
  •   Home
  • Series de la CEPAL
  • Financiamiento para el Desarrollo
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Latin America and the middle-income trap

Series
Thumbnail
Download
Documento en español (585.7Kb)
Date
2014-06
Author
Paus, Eva
UN Symbol
LC/L.3854
Metadata
Show full item record
Abstract
Promising 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.
Abstract
Abstract .-- 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.
Serie
Serie Financiamiento para el Desarrollo No. 250
United Nations Subtopics
ECONOMIC CONDITIONS ; MIDDLE-INCOME COUNTRIES ; ECONOMIC POLICY ; INCOME ; CASE STUDIES
Country / Region
CHINA ; LATIN AMERICA
URI
https://hdl.handle.net/11362/36816
Collections
  • Financiamiento para el Desarrollo

en

  • ABOUT ECLAC
  • Member States
  • Subsidiary Bodies
  • ECLAC senior staff
  • Employment opportunities
  • Procurement
  • HEADQUARTERS AND OFFICES
  • ECLAC - Mexico
  • ECLAC - Caribbean
  • ECLAC – Bogota
  • ECLAC – Brasilia
  • ECLAC – Buenos Aires
  • ECLAC – Montevideo
  • ECLAC – Washington, D.C.
  • EVENTS
  • TRAINING
  • ILPES
  • TOPICS
  • Gender affairs
  • International trade and integration
  • Economic development
  • Production, productivity and management
  • Social development
  • Sustainable development and human settlements
  • Statistics
  • Planning for development
  • Population and development
  • Natural resources
  • PUBLICATIONS
  • DIGITAL REPOSITORY
  • UN Symbol
  • LIBRARY
  • PROJECTS
  • NEWS
  • Fotos
  • Videos
  • DATA AND STATISTICS
  • Observatories
  • FOLLOW US
  • ECLAC
    • Av. Dag Hammarskjöld 3477
    • Vitacura, Santiago de Chile
    • Telephone: (56-2) 2471 2000 • 2210 2000
    • Address: Casilla 179-D, Santiago de Chile
    • Postal code: 7630412
  • ECLAC SUBREGIONAL HEADQUARTERS IN MEXICO, MEXICO, D.F.
    • Corporativo MCS, Av. Miguel de Cervantes Saavedra #193 piso 12
    • 11520 México D.F., México
    • Telephone: (52 55) 4170.5600
  • ECLAC SUBREGIONAL HEADQUARTERS FOR THE CARIBBEAN
    • 1 Chancery Lane, P.O. Box 1113
    • Port of Spain, Trinidad and Tabago
    • Telephone: (868)224-8000
    © ECLAC - United Nations | Terms of Use | Contact