Latin America and the middle-income trap

cepal.bibLevelDocumento Completo
cepal.callNumberLC/L.3854
cepal.divisionEngFinancing for Development Division
cepal.divisionSpaDivisión de Financiamiento para el Desarrollo
cepal.docTypeSeries
cepal.jelCode01
cepal.jelCode054
cepal.jelCode014
cepal.jelCode025
cepal.jobNumberS2014300
cepal.physicalDescriptiongráficos, tablas
cepal.regionalOfficeSantiago
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
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 páginas.
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 para el 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
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