Growth Convergence and the Middle-Income Trap
Emerging market economies in East Asia have followed a similar growth path (growth convergence) from a low-income, high-growth state to a middle-income, middle-growth state through industrialization. The economic development of Japan was followed by the “four tigers” (Hong Kong, China; the Republic...
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| Format: | Article |
| Language: | English |
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The MIT Press
2017-03-01
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| Series: | Asian Development Review |
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| Online Access: | https://www.mitpressjournals.org/doi/pdf/10.1162/ADEV_a_00079 |