Agénor, Pierre-Richard; Canuto, Otaviano; Jelenic, Michael - In: World Bank - Economic Premise (2014) 137, pp. 1-7
After experiencing an initial period of rapid growth, many developing countries have fallen into the middle- income “trap”—stuck between low-wage, low-technology markets and high-income, innovation-based developed economies. As previous literature has demonstrated (Agénor and Canuto...