The middle-income trap was initially interpreted as an inevitable slowdown in economic growth as countries approach the technological frontier. Yet growth in Latin America (LA) stalled at low levels of labour productivity — about half of the levels of the technological leaders. Productivity...

This paper examines the current global scene of within-nations distributional disparities. There are three main conclusions: first, that the statistical evidence for the ‘upwards’ side of the “Inverted-U” between inequality and income per capita seems to have vanished, as many lowand...