scholarly journals Middle Income Trap: The Ignored Role of Woman

Sosyoekonomi ◽  
2021 ◽  
Author(s):  
Leyla Firuze ARDA ÖZALP
Keyword(s):  
Middle Income ◽  
Middle Income Trap

The Effect of Regulatory Performance on Economic Growth

2020 ◽  
Vol 11 (1) ◽  
pp. 142-142
Author(s):  
Nur Hayati Abd Rahman ◽  
Shafinar Ismail ◽  
Eeng Ahman ◽  
Aas Nurasyiah ◽  
Neni Sri Wulandari
Keyword(s):  
Economic Growth ◽  
World Bank Group ◽  
Contributing Factors ◽  
Middle Income ◽  
Start Up ◽  
Growth System ◽  
Middle Income Trap ◽  
Bank Group ◽  
Regulatory Performance

The World Bank Group (2018b) announced that the upper-middle-income economies (UMIE) tend to fall into a middle-income trap position for a long period. This usually happens when countries are not progressing economically at a promising rate and are unable to catch up with the developmental pace of high-income economies (HIE). One of the main contributing factors to this situation is the weak regulatory performance of these countries. Since the regulatory environment in these countries were far from conducive, businesses were reluctant to start up or even operate there. When this happens, UMIE will find it even more difficult to move up from their current economic level as most investors would already be disinterested to invest in a country whose economy is stagnated¬¬¬. Based on these arguments, regulatory performance is considered as one of the most vital factors that determine the financial progression and stability of a nation. Nevertheless, this variable is often overlooked in previous economic growth literature. Hence, this study aims to examine the important role of regulatory performance in accelerating the economic growth of 30 upper-middle-income economies countries within the timeframe of 2000 to 2018. Keywords: middle-income trap, upper-middle-income economies, regulatory performance, economic growth, system GMM

scholarly journals The Middle-Income Trap 2.0: The Increasing Role of Human Capital in the Age of Automation and Implications for Developing Asia

2020 ◽  
Vol 19 (3) ◽  
pp. 40-58
Author(s):  
Linda Glawe ◽  
Helmut Wagner
Keyword(s):  
Human Capital ◽  
Capital Accumulation ◽  
Success Factors ◽  
Industrial Revolution ◽  
Emerging Market ◽  
Middle Income ◽  
Key Success Factors ◽  
Future Challenges ◽  
Middle Income Trap

We modify the concept of the middle-income trap (MIT) against the background of the Fourth Industrial Revolution and the (future) challenges of automation (creating the concept of the “MIT 2.0”) and discuss the implications for developing Asia. In particular, we analyze the impacts of automation, artificial intelligence, and digitalization on the growth drivers of emerging market economies and the MIT mechanism. Our findings suggest that improving human capital accumulation, particularly the upgrading of skills needed with the rapid advance of automation, will be key success factors for overcoming the MIT 2.0.

scholarly journals Bangladesh 2000-2017: Sustainable Growth, Technology and the Irrelevance of Productivity

2017 ◽  
Vol 22 (Special Edition) ◽  
pp. 183-198 ◽  
Author(s):  
Matthew McCartney
Keyword(s):  
Developed Countries ◽  
Sustainable Growth ◽  
Middle Income ◽  
Middle Income Countries ◽  
Policy Responses ◽  
Growth Prospects ◽  
Middle Income Trap ◽  
Economic Thinking ◽  
Growth Technology

This paper focuses on the case of Bangladesh as an example of a country that is at risk of falling into the ‘middle income trap’, in other words the risk that a country that has attained middle income levels will then be unable to join the club of developed countries. This paper uses the theory of Unequal Exchange from the Dependency School to understand the middle income trap in Bangladesh and further argues that the ideas of productivity, competitiveness and technological change derived from orthodox economic thinking are not useful in understanding growth prospects and policy responses in contemporary middle income countries. Alternately, the paper explains the role of structural change as a means of sustaining growth in middle income countries.

scholarly journals The Role of Inefficient Government Expenditures in Turkey's Failure to Escape the Middle Income Trap from the Perspective of Academics

2020 ◽  
Author(s):  
Menşure Kolçak ◽  
Halil İbrahim Şen
Keyword(s):  
Public Sector ◽  
Analytical Hierarchy Process ◽  
Far East ◽  
Point Of View ◽  
New Paradigm ◽  
Ahp Method ◽  
Middle Income ◽  
Middle Income Trap ◽  
Hierarchy Process

According to the middle income trap, economies that can come up to a certain point by imitation or capacity at hand are clogging at some point. A new paradigm is needed to continue progress. In the literature studies, it is seen that public initiative is very decisive in the fight against middle income trap. Especially in Far East Countries, the effect of public sector in getting rid of middle income trap is remarkable. It is tried to explain in a hierarchy the issues that are effective in avoiding the middle income trap. Analytical Hierarchy Process (AHP) method was preferred due to the suitability of the study. With the AHP method, it is tried to understand the point of view of the academicians who examine theoretically. According to the study, academician evaluators considered political reasons as more important.

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