New Urbanization and Over-Leaping the Middle Income Trap—A Case Study of Henan Province

2019 ◽  
pp. 239-255
Author(s):  
Laijun Luo ◽  
Yongsu Wang
Keyword(s):  
Henan Province ◽  
Middle Income ◽  
Middle Income Trap ◽  
New Urbanization

scholarly journals Complexity systems and middle-income trap: the long-term roots of Latin America underdevelopment

Nova Economia ◽  
2020 ◽  
Vol 30 (spe) ◽  
pp. 1225-1256
Author(s):  
Fernanda Cimini ◽  
Jorge Britto ◽  
Leonardo Costa Ribeiro
Keyword(s):  
Economic Development ◽  
Latin America ◽  
Economic Structure ◽  
The Political ◽  
Middle Income ◽  
Middle Income Trap ◽  
To Come ◽  
Shed Light

Abstract Our intent is to reinterpret the concept of middle-income trap using the language of the complex system approach to refer to the unpredictability, non-linearity and the enormous range of possible behaviors of economic development in the long-term time series. By redefining the concept of trap in those terms, we propose to shed light on the institutional background of economic development. In order to advance our argument, we conduct a case study of Latin America, a region that has presented an unstable and non-linear economic trajectory across the 20th century. We argue that the combination between the colonial economic legacy and the political fragmentation amid the process of independence shaped the socio-economic structure and institutional capabilities for years to come, restricting the possibilities of overcoming underdevelopment.

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