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The middle income trap: a way out based on technological and structural change
2015
Economic Change and Restructuring
This paper is intended to provide an updated discussion on a series of issues that the relevant literature suggests to be crucial in dealing with the challenges a middle income country may encounter in its attempts to further catch-up a higher income status. In particular, the conventional economic wisdom -ranging from the Lewis-Kuznets model to the endogenous growth approach-will be contrasted with the Schumpeterian and evolutionary views pointing to the role of capabilities and knowledge,
doi:10.1007/s10644-015-9166-6
fatcat:7ssrzgy7krddtkql3bx6qrljnu