The Middle income trap (Latin America vs. selected economies; GDP per capita, 1990 USD)

2014 ◽  
Keyword(s):  
Latin America ◽  
Gdp Per Capita ◽  
Middle Income ◽  
Per Capita ◽  
Middle Income Trap

scholarly journals VIETNAM AND THE THREAT OF FALLING INTO THE MIDDLE INCOME TRAP

2015 ◽  
Vol 18 (2) ◽  
pp. 68-78
Author(s):  
Khai Van Ngo ◽  
Hai Van Ngo
Keyword(s):  
Return On Investment ◽  
Economic Transition ◽  
Developed Countries ◽  
Gdp Per Capita ◽  
Gdp Growth ◽  
Least Developed Countries ◽  
Middle Income ◽  
Development Status ◽  
Per Capita ◽  
Middle Income Trap

The concept of middle income trap has been introduced in a plenty of research on a nation’s economic development status which refers to the fact that many nations after attaining a certain income will get stuck at that level. Vietnam got rid of the list of least developed countries to join the lower middleincome countries with an annual GDP per capita of 1,052 USD in 2008. Vietnam enjoyed a steady GDP growth of 5.5 – 6% per year in the period between 2008 and 2014. However, the Vietnam’s economy shows signs of slowdown, low productivity, low return on investment, and low economic transition. Vietnam is also warned to be under the threat of falling into the middle income trap. This paper aims to provide a clear picture of the middle income trap and the threat that Vietnam may fall into the middle income trap, thereby proposing some solutions for Vietnam to circumvent it and sustainably develop the economy.

scholarly journals Cost per DALY averted in low, middle- and high-income countries: evidence from the global burden of disease study to estimate the cost-effectiveness thresholds

2021 ◽  
Vol 19 (1) ◽  
Author(s):  
Rajabali Daroudi ◽  
Ali Akbari Sari ◽  
Azin Nahvijou ◽  
Ahmad Faramarzi
Keyword(s):  
Cost Effectiveness ◽  
Inverse Correlation ◽  
Gdp Per Capita ◽  
Middle Income ◽  
Capita Health Expenditure ◽  
Per Capita ◽  
Healthcare Interventions ◽  
Disease Study ◽  
The Cost ◽  
Very High

Abstract Background Determining the cost-effectiveness thresholds for healthcare interventions has been a severe challenge for policymakers, especially in low- and middle-income countries. This study aimed to estimate the cost per disability-adjusted life-year (DALY) averted for countries with different levels of Human Development Index (HDI) and Gross Domestic Product (GDP). Methods The data about DALYs, per capita health expenditure (HE), HDI, and GDP per capita were extracted for 176 countries during the years 2000 to 2016. Then we examined the trends on these variables. Panel regression analysis was performed to explore the correlation between DALY and HE per capita. The results of the regression models were used to calculate the cost per DALY averted for each country. Results Age-standardized rate (ASR) DALY (DALY per 100,000 population) had a nonlinear inverse correlation with HE per capita and a linear inverse correlation with HDI. One percent increase in HE per capita was associated with an average of 0.28, 0.24, 0.18, and 0.27% decrease on the ASR DALY in low HDI, medium HDI, high HDI, and very high HDI countries, respectively. The estimated cost per DALY averted was $998, $6522, $23,782, and $69,499 in low HDI, medium HDI, high HDI, and very high HDI countries. On average, the cost per DALY averted was 0.34 times the GDP per capita in low HDI countries. While in medium HDI, high HDI, and very high HDI countries, it was 0.67, 1.22, and 1.46 times the GDP per capita, respectively. Conclusions This study suggests that the cost-effectiveness thresholds might be less than a GDP per capita in low and medium HDI countries and between one and two GDP per capita in high and very high HDI countries.

scholarly journals Globalization and educational inequality during the 18th to 20th centuries: Latin America in global comparison

2010 ◽  
Vol 28 (2) ◽  
pp. 279-305 ◽  
Author(s):  
Joerg Baten ◽  
Christina Mumme
Keyword(s):  
Developing Countries ◽  
Latin America ◽  
Strong Evidence ◽  
Educational Inequality ◽  
Gdp Per Capita ◽  
Positive Effects ◽  
Global Comparison ◽  
Per Capita ◽  
The Rich

AbstractThis paper explores the inequality of numeracy and education by studying school years and numeracy of the rich and poor, as well as of tall and short individuals. To estimate numeracy, the age-heaping method is used for the 18th to early 20th centuries. Testing the hypothesis that globalization might have increased the inequality of education, we find evidence that 19th century globalization actually increased inequality in Latin America, but 20th century globalization had positive effects by reducing educational inequality in a broader sample of developing countries. Moreover, we find strong evidence for Kuznets’s inverted U hypothesis, that is, rising educational inequality with GDP per capita in the period until 1913 and the opposite after 1945.

scholarly journals An International Analysis of Dialysis Services Reimbursement

2018 ◽  
Vol 14 (1) ◽  
pp. 84-93 ◽  
Author(s):  
Arjan van der Tol ◽  
Norbert Lameire ◽  
Rachael L. Morton ◽  
Wim Van Biesen ◽  
Raymond Vanholder
Keyword(s):  
Health Care ◽  
Peritoneal Dialysis ◽  
Replacement Therapy ◽  
Gdp Per Capita ◽  
Middle Income ◽  
Middle Income Countries ◽  
Number Of Patients ◽  
Kidney Replacement Therapy ◽  
Per Capita ◽  
Low And Middle Income

Background and objectivesThe prevalence of patients with ESKD who receive extracorporeal kidney replacement therapy is rising worldwide. We compared government reimbursement for hemodialysis and peritoneal dialysis worldwide, assessed the effect on the government health care budget, and discussed strategies to reduce the cost of kidney replacement therapy.Design, setting, participants, & measurementsCross-sectional global survey of nephrologists in 90 countries to assess reimbursement for dialysis, number of patients receiving hemodialysis and peritoneal dialysis, and measures to prevent development or progression of CKD, conducted online July to December of 2016.ResultsOf the 90 survey respondents, governments from 81 countries (90%) provided reimbursement for maintenance dialysis. The prevalence of patients per million population being treated with long-term dialysis in low- and middle-income countries increased linearly with Gross Domestic Product per capita (GDP per capita), but was substantially lower in these countries compared with high-income countries where we did not observe an higher prevalence with higher GDP per capita. The absolute expenditure for dialysis by national governments showed a positive association with GDP per capita, but the percent of total health care budget spent on dialysis showed a negative association. The percentage of patients on peritoneal dialysis was low, even in countries where peritoneal dialysis is better reimbursed than hemodialysis. The so-called peritoneal dialysis–first policy without financial incentive seems to be effective in increasing the utilization of peritoneal dialysis. Few countries actively provide CKD prevention.ConclusionsIn low- and middle-income countries, reimbursement of dialysis is insufficient to treat all patients with ESKD and has a disproportionately high effect on public health expenditure. Current reimbursement policies favor conventional in-center hemodialysis.

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.

scholarly journals Research and Development as a Moderating Variable for Sustainable Economic Performance: The Asian, European, and Kuwaiti Models

2020 ◽  
Vol 12 (18) ◽  
pp. 7525
Author(s):  
Ahmad Salman ◽  
Ali Al-Hemoud ◽  
Saja A. Fakhraldeen ◽  
Maha Al-Nashmi ◽  
Suad M. AlFadhli ◽  
...  
Keyword(s):  
Research And Development ◽  
Economic Performance ◽  
The State ◽  
Gdp Per Capita ◽  
Series Data ◽  
Middle Income ◽  
Middle Income Countries ◽  
The Mean ◽  
Per Capita ◽  
The State Of Kuwait

The research and development (R&D) expenditure in Kuwait is insufficient to lead to innovation and a knowledge economy. Investment in R&D has been shown to sustain elevated economic performance. The objective of this study is to explore the association between three competing dimensions of R&D indicators that lead to sustainable economic performance within any given country, namely, R&D expenditure, the number of researchers, and the number of patent rights, using time-series data collected over a 20-year period (1996–2016) by the World Bank Group. R&D indicators were compared between high- and middle-income countries including models from Asian (South Korea, Singapore, and Malaysia) and European (Finland and Ireland) countries as well as the State of Kuwait. Moreover, a case study describing R&D investments in Kuwait is presented. Overall, the results reveal higher R&D spending, number of researchers, and gross domestic product (GDP) per capita for the Asian and European models. Current R&D expenditure in Kuwait is estimated at 0.08% of GDP (2016), which is significantly lower than the mean of the middle-income countries (1.58%). Furthermore, the number of researchers (per million) in Kuwait (386) is less than half of the mean number of researchers in middle-income countries (775) (2015). Low R&D investments in the State of Kuwait has gradually led to a decreased GDP per capita. Regression analysis shows that GDP per capita can be predicted solely based on the number of researchers (beta = 0.780, R2 = 0.608). The number of researchers is the most crucial variable to predict GDP per capita, and the R&D expenditure is a good indicator of the number of researchers. These findings offer invaluable insight into the sustainable development goals (SDG 9). To our knowledge, this paper presents the first application of the effect of R&D on sustainable economic performance with reference to the SDG target 9.5 “Research & Development”. Thus, in order to enhance scientific research (both academic, professional, and industrial), countries need to increase the number of researchers, and these actions are necessary to introduce sustainable growth to GDP.

scholarly journals Are Wealthier Times Healthier in Cities? Economic Fluctuations and Mortality in Urban Areas of Latin America

2021 ◽  
Vol 66 ◽  
Author(s):  
Carlos Marcelo Leveau ◽  
José A. Tapia Granados ◽  
Maria Izabel Dos Santos ◽  
Marianela Castillo-Riquelme ◽  
Marcio Alazraqui
Keyword(s):  
Latin America ◽  
Urban Areas ◽  
Road Traffic ◽  
Respiratory Infections ◽  
Total Mortality ◽  
Gdp Per Capita ◽  
Malignant Neoplasms ◽  
Female Population ◽  
Per Capita ◽  
Time Invariant

Objective: To analyze the relationship between economic conditions and mortality in cities of Latin America.Methods: We analyzed data from 340 urban areas in ten countries: Argentina, Brazil, Chile, Colombia, Costa Rica, Guatemala, Mexico, Panama, Peru, and El Salvador. We used panel models adjusted for space‐invariant and time‐invariant factors to examine whether changes in area gross domestic product (GDP) per capita were associated with changes in mortality.Results: We find procyclical oscillations in mortality (i.e., higher mortality with higher GDP per capita) for total mortality, female population, populations of 0–9 and 45+ years, mortality due to cardiovascular diseases, malignant neoplasms, diabetes mellitus, respiratory infections and road traffic injuries. Homicides appear countercyclical, with higher levels at lower GDP per capita.Conclusions: Our results reveal large heterogeneity, but in our sample of cities, for specific population groups and causes of death, mortality oscillates procyclically, increasing when GDP per capita increases. In contrast we find few instances of countercyclical mortality.

scholarly journals The Middle-Income Trap and Premature Deindustrialization in South Africa

2021 ◽  
pp. 237-260
Author(s):  
Antonio Andreoni ◽  
Fiona Tregenna
Keyword(s):  
South Africa ◽  
Technological Development ◽  
Gdp Per Capita ◽  
Total Employment ◽  
Middle Income ◽  
Middle Income Countries ◽  
Catching Up ◽  
Econometric Evidence ◽  
Per Capita ◽  
International Comparative

South Africa has been experiencing premature deindustrialization and poor growth over an extended period of time. Premature deindustrialization is among the key factors locking many middle-income countries in a trap of stagnant growth and thwarting their catching-up with advanced economies. Premature deindustrialization shrinks middle-income countries’ opportunities for technological development, and also their capacity to add value in global value chains (GVCs), which reduces their scope for the sustained increases in productivity required for catching up. This chapter analyses key structural factors contributing to a ‘middle-income technology trap’. Throughout the chapter, reference is made to the divergent experiences of three middle-income comparator countries to South Africa: Brazil, China, and Malaysia. Building on this framework, the chapter presents new econometric evidence of premature deindustrialization in South Africa through an international comparative lens. By studying the relationship between countries’ GDP per capita and their shares of manufacturing in total employment, the chapter identifies the level of GDP per capita and share of manufacturing in total employment associated with the ‘turning point’ at which the share of manufacturing levels off and begins to decline. The chapter groups countries into four categories based on their (de)industrialization dynamics, and identifies possible premature deindustrializers, among which South Africa is found. South Africa’s lack of structural transformation helps to explain its failure to escape the middle-income technology trap.

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