Amvik eBook Solutions

Since many policymakers aspire to pull their countries out of the middle-income trap and into the ranks of high-income countries, they must understand the facto

The term ‘Middle-Income Trap’ refers to countries which stagnate economically after reaching a certain level of per capita income on the basis of labour- an

This open access book explores one of the most fiercely debated issues in China: if and how China will surpass the middle income trap that has plagued many deve

PART IV Determinants of growth -- 7 Institutional quality and growth traps -- 8 Avoiding 'Tiger' traps: how human capital can propel countries beyond middle-inc