Trade issues with Japan have subsided to a murmur. With the Japanese economy reeling from recession and the financial sector wallowing in a mountain of bad debt, the issue of access for foreign firms has diminished in relative importance. Nonetheless, the issue remainsâand Japanese government...

<ul> <li>Chinese Taipei; Hong Kong, China; Korea and Singapore (the East Asian Newly Industrialised Countries or NICs) have been successful in attaining income convergence with high-income countries while Latin American countries remain caught in the Middle-Income Trap.</li> <li>The East Asian NICs pursued...</li></ul>