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We present three conditions for a demography-driven middle-income trap and show that many economies in East, South, and … economic growth, (2) economic development accompanies more investment in human capital and lower fertility due to the quantity …-quality tradeoff, and (3) current low level of fertility corresponds to too low support ratios for keeping up with the frontier …
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In the context of the rapidly advancing population ageing, the region of Latin America and the Caribbean is currently facing an unprecedented challenge of adapting to the transformed - yet, still evolving - age structure of the population. The paper provides a regional synthesis of the National...
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