scholarly journals The Economic Prospects of Vietnam in the Integration Period

2019 ◽  
Vol 4 (6) ◽  
pp. 96-100
Author(s):  
Hai Nam Vu ◽  
Thi Cam Huyen Nguyen
Keyword(s):  
Growth Rate ◽  
International Organizations ◽  
Effective Management ◽  
Middle Income ◽  
Integration Period ◽  
Universal Values ◽  
Middle Income Trap ◽  
Leadership Class

In the reports of international organizations and economic researchers, there seems to be "common formulas" for the advance economies of Korea, Taiwan, and Singapore. It is not necessary to think of different theories and policies, but to make a determination, to drastically implement the signs, experiences, lessons and universal values ​​of the "tigers" that go ahead. The leader of Singapore's transformation summarized the principle of a nation's success as having a decisive leadership class, an effective management apparatus and a disciplined society. To turn tigers, Vietnam needs to achieve a growth rate of 7% or more over the next twenty years. So how to achieve that goal, avoiding going into the car's woes of economies that have fallen into the middle-income trap. Only with such a growth rate can Vietnam be in the best position to protect its independence and sovereignty.

POPULATION AGING, MIDDLE-INCOME TRAP, AND ECONOMIC GROWTH: AN EMPIRICAL STUDY OF ASIAN ECONOMIES

2019 ◽  
pp. 1842009
Author(s):  
JIUN-NAN PAN ◽  
MING-LEI CHANG
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Low Income ◽  
Population Aging ◽  
Negative Influence ◽  
Positive Influence ◽  
Middle Income ◽  
Primary Finding ◽  
Middle Income Trap ◽  
Economic Growth Rates

Population aging and the middle-income trap are serious problems felt worldwide, especially in terms of their powerful influence on economic growth. In order to explore the relationships among population aging, middle-income trap, and economic growth, this study uses a panel data of 27 economies in Asia from 1995 to 2016. The primary finding of this study is that lower-middle-income economies are facing the problem of middle-income trap, indicating that the economic growth rates of lower-middle-income economies are slowing down. In addition, population aging has a statistically significant and negative influence on the growth rate of GDP in the high-income economies, but it has a statistically significant and positive influence on the growth rate of GDP in the low-income and lower-middle-income economies. This study suggests that increasing women’s labor participation, technology innovation, and immigration could solve the problems of population aging and the middle-income trap.

Developing an economy based on knowledge and innovation in the context of the middle income trap

2015 ◽  
Vol 60 (10) ◽  
pp. 56-74
Author(s):  
Paweł Wieczorek
Keyword(s):  
Economic Growth ◽  
New Technologies ◽  
Current Model ◽  
Growth Theory ◽  
Labor Costs ◽  
Average Income ◽  
Middle Income ◽  
Endogenous Growth Theory ◽  
Middle Income Trap

The article is a contribution to the discussion on the necessity to change the current model of economic growth of Poland for model of economy based on knowledge and innovation. In this way, our country will be able to overcome the threats that might push the economy into the trap of the average income, expressed in long-term slowdown in GDP growth. The endogenous growth theory, formed after 1989 and characterized by duplication of Western technology, enabled relatively rapid growth by over 20 years. Currently, Poland to ensure an economic growth is facing the need for innovative technologies and innovation. Risks associated with middle income trap are very real because of the disappearance of comparative advantage, which results from relatively low labor costs. The creation in Poland conditions to accelerate economic growth requires action to increase the propensity of entrepreneurs to reach for new technologies and innovation and attractive market offer from the national centers for research and development.

scholarly journals ASSESSMENT OF THE POSSIBILITY OF A MIDDLE-INCOME TRAP IN TURKEY

2020 ◽  
Vol 7 (4) ◽  
pp. 331-348
Author(s):  
Ali Cem ÖZTÜRK ◽  
Burcu YAVUZ TİFTİKÇİGİL
Keyword(s):  
World Bank ◽  
Unit Root Test ◽  
Income Group ◽  
Current Data ◽  
Middle Income ◽  
The World Bank ◽  
The World ◽  
Middle Income Group ◽  
Middle Income Trap ◽  
Atlas Method

Turkey has been under the middle-income country category according to the income category classification of the World Bank. Turkey promoted to high-middle-income group in 2005 after spending more than 50 years in lower-middle-income group. The purpose of this study is to identify the presence of middle-income trap in Turkey. The study brings together the most recent theoretical studies from different perspectives with respect to the presence of MIT in Turkey along with Robertson and Ye approach in the empirical phase. Within the context of this study, structural break unit root test using current data obtained through the Atlas method is applied in order to evaluate Turkey’s middle-income trap status. The GNI per capita Atlas Method (current US $) data of the World Bank for the years 1967-2016 are used in the study. The empirical analysis briefly showed that Turkey is not in the MIT.

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