scholarly journals The Middle Income Trap: A Case Study of Korea and Lesson for Vietnam

2021 ◽  
Vol 37 (2) ◽  
Author(s):  
Nguyen Minh Trang
Keyword(s):  
South Korea ◽  
Low Income ◽  
Strong Dependence ◽  
Income Group ◽  
High Tech ◽  
Global Integration ◽  
The South ◽  
Middle Income ◽  
The North ◽  
Middle Income Trap

In the 20th century, Asia was not only famous for war, poverty and backwardness but also for the emerging of Asian dragons like South Korea, Taiwan, Hong Kong and Singapore. These economies have successfully escaped from the middle income group to join high income economies with amazing growth rate. In 2008, Vietnam officially entered the group of middle-income countries, escaping from poverty and underdevelopment with rapidly increasing average income. However, the signs of "middle income trap" have also emerged. Among the four Asian dragons, South Korea has many similarities with Vietnam, such as devastation by war, low-income and poor resources, strong dependence on foreign aid and especially the separation between the North and the South. After the Korean War (1950-1953), South Korea was one of the poorest countries in the world. However, over the past nearly four decades, South Korea has demonstrated incredible growth and global integration and become a high – tech industrialized economy. By analysing the South Korean policies, Vietnam can learn from their success and failure to overcome the middle-income level that has trapped it for almost 10 years with a focus on improving Government’s role, capital control, human resource and technology.

Inpatients’ experience and the associated factors: A cross-sectional study at Lung hospital, Son La, in 2020

2021 ◽  
Vol 05 (04) ◽  
pp. 110-116
Author(s):  
Huu Thang Nguyen ◽  
◽  
Thi Nguyet Minh Doan ◽  
Thanh Huong Tran ◽  
Hai Thanh Pham
Keyword(s):  
Low Income ◽  
Associated Factors ◽  
Income Group ◽  
Cross Sectional Study ◽  
Sectional Study ◽  
Related Factors ◽  
Cross Sectional ◽  
Middle Income ◽  
Medical Facilities ◽  
Middle Income Group

Objectives: Medical facilities with an autonomous tendency always try to serve positive and pleasant experiences to improve the brand name, increase patient satisfaction and loyalty. A descriptive cross-sectional study was conducted on 245 inpatients at Lung Hospital in Son La province in 2020. To describe the current situation of the inpatient's experience at Lung Hospital in Son La province by 2020 and its related factors. Methods: This was a cross-sectional study conducted on 245 inpatients at Son La Lung Hospital Results: The study showed that the total score of inpatients’ experience ranged from 22 points to 57 points and the mean of it was 39.7 (6.13) points. Subject's experience scores were divided into 2 groups, the satisfied group accounted for 32.7% and the percentage of the unsatisfied group was 67.3%. As compared to men, a higher total score of women was (OR: 1.134; 95% CI: 0.284-0.997). The urban area group’s score was 1,190 times higher than that of those who live in rural and mountainous areas (95% CI: 1,010 - 1,400). The middle-income group had more positive experience than the low-income group (OR: 1.180; 95% CI: 1.010 - 1.370). Conclusions: Our research showed that gender, living area and economic condition affected the total score of inpatients’ experience at the Lung hospital. Keywords: Patient experiences, inpatient treatment, hospital, associated factors

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.

scholarly journals Role of Public Sector Bank in Financial Inclusion of Low or Middle Income Group in Chennai

2019 ◽  
Vol 8 (4S3) ◽  
pp. 40-44
Keyword(s):  
Public Sector ◽  
Low Income ◽  
Income Group ◽  
Financial Inclusion ◽  
Behavioral Ethics ◽  
Economic Equality ◽  
Middle Income ◽  
Middle Income Group ◽  
The Government

The role of public sector bank, in raising the economic equality on low income or middle income group, the term financial inclusion emphasis on redistribution of income within the same household, the deprive section of society avail the benefit with some standard provided by the government and how the approach have been taken by public sector bank to distribute the same and their behavioral ethics trail over the schemes. The study focused the dominant properties which fabricate imperative on financial inclusion among various categories of customers in public sector banks and also investigated the recognition of public in stand point of financial assistance and financial features offered by public sector bank through correlation statistical analysis with the sample of 200 with Chennai arena..

Growth Strategies to Avoid the Middle-Income Trap

2020 ◽  
pp. 24-47
Author(s):  
Homi Kharas ◽  
Indermit Gill
Keyword(s):  
Low Income ◽  
Technical Change ◽  
Policy Implications ◽  
Low Income Countries ◽  
Growth Strategies ◽  
Functional Theory ◽  
Middle Income ◽  
Advanced Economies ◽  
The Subject ◽  
Middle Income Trap

Since the authors of this chapter coined the term in 2006, “the middle-income trap” has been the subject of scores of investigations. The evidence in support of its existence has been mixed, but their original proposition was that of the possibility of a trap, not its inevitability. In this chapter, they emphasize the absence of a functional theory of economic growth in middle-income economies. Solow–Swan models did well to explain growth in low-income countries, and Lucas–Romer models emphasizing endogenous technical change identified the main drivers of growth in advanced economies. Neither class of models has, however, satisfactorily explained successful transitions from one type of growth to the other. The authors suggest that Schumpeterian models proposed by Aghion, Howitt, and others that stress creative destruction and institutional change provide the analytical foundations for a better understanding of growth in middle-income economies. They present evidence that is consistent with the predictions of this approach, and discuss its policy implications.

scholarly journals Nonlinear Dynamics in the Finance-Inequality Nexus in China-CHNS Data

2019 ◽  
Vol 11 (1) ◽  
pp. 191 ◽  
Author(s):  
Mohammad Masudur Rahman ◽  
Guan Fuquan ◽  
Laila Arjuman Ara
Keyword(s):  
Financial Development ◽  
Low Income ◽  
Income Group ◽  
High Income Group ◽  
Middle Income ◽  
Linear Effect ◽  
Quantile Regression Model ◽  
Income Groups ◽  
Using Data ◽  
The Impact

This paper empirically investigates the effects of financial development on incomes of Chinese residents particularly within various income groups using data from six provinces by applying the Quantile Regression model. The Greenwood and Jovanovich hypothesis that illustrates the inverted U shaped relationship between financial development and income inequality is tested. This empirical study demonstrates that financial development has a positive but non-linear effect on the annual income of individuals from various income groups at different quantiles. The effect is an inverted U or Kuznets effect indicating an increase at first and then a drop. As for the distribution of the impact on various income groups, the low-income group is under the most dominant influence followed by the high-income group with the middle-income groups receiving relatively smaller influence. Findings indicate that promoting balanced financial development would help to ease the income gap between Chinese residents.

scholarly journals Analysis of the Water Circulation Structure in the Paldang Reservoir, South Korea

2020 ◽  
Vol 10 (19) ◽  
pp. 6822
Author(s):  
Hwangjeong Choi ◽  
Ingu Ryu ◽  
Minji Park ◽  
Yongsik Song ◽  
Soonju Yu ◽  
...  
Keyword(s):  
Water Quality ◽  
South Korea ◽  
Discharge Rate ◽  
Water Circulation ◽  
The South ◽  
Han River ◽  
The North ◽  
Study Results ◽  
Instantaneous Discharge ◽  
Layer Flow

In this study, results are presented for depth-specific hydraulic and water quality surveys, as well as meteorological observations, at key monitoring sites in the Paldang Reservoir, South Korea. These results were used to determine the water circulation characteristics that represent the main contributors to water quality changes. In the section before the confluence point of the two rivers, a different type of two-layer flow appeared for each. In the North Han River, backwater flowing backward in the upstream direction occurred in the surface layer, and was accompanied by two-layer flow, during the zero-discharge period of the Cheongpyeong Dam. On the other hand, in the South Han River, two-layer flow was observed in the upper layer in the downstream flow, and the thickness of upper and lower layers varied depending on the discharge rate of the Paldang Dam. Strong flow fluctuations were observed near the Paldang Dam (3 km upstream), and these were dependent on its instantaneous discharge rate. In particular, if the instantaneous discharge from the Paldang Dam remained below 400 m3/s for several days, the flow velocity in the lower layer decreased below 2 cm/s or no flow occurred. The comparison between flows during different periods associated with depth-specific water temperature variations showed that the average flow prevailed across all layers in the downstream direction at all monitoring sites during the vertical mixing period. In contrast, spatiotemporal variations in flow, such as two-layer flow and backwater, were observed during the stratification period in the South Han River and the North Han River. This led to increased residence times and vertical stability, thus creating favorable conditions for algal blooms.

scholarly journals Long-Term Effect of Income Level on Mortality after Stroke: A Nationwide Cohort Study in South Korea

2020 ◽  
Vol 17 (22) ◽  
pp. 8348
Author(s):  
Seungmin Jeong ◽  
Sung-il Cho ◽  
So Yeon Kong
Keyword(s):  
Low Income ◽  
Income Group ◽  
Income Level ◽  
High Income ◽  
High Income Group ◽  
Stroke Mortality ◽  
Stroke Event ◽  
Middle Income ◽  
Medical Aid ◽  
Post Stroke

We investigated whether income level has long-term effects on mortality rate in stroke patients and whether this varies with time after the first stroke event, using the National Health Insurance Service National Sample Cohort data from 2002 to 2015 in South Korea. The study population was new-onset stroke patients ≥18 years of age. Patients were categorized into Category (1) insured employees and Category (2) insured self-employed/Medical Aid beneficiaries. Each category was divided into three and four income level groups, retrospectively. The study population comprised of 11,668 patients. Among the Category 1 patients (n = 7720), the low-income group’s post-stroke mortality was 1.15-fold higher than the high-income group. Among the Category 2 patients (n = 3948), the lower income groups had higher post-stroke mortality than the high-income group (middle-income, aOR (adjusted odds ratio) 1.29; low-income, aOR 1.70; Medical Aid beneficiaries, aOR 2.19). In this category, the lower income groups’ post-stroke mortality risks compared to the high-income group were highest at 13–36 months after the first stroke event(middle-income, aOR 1.52; low-income, aOR 2.31; Medical Aid beneficiaries, aOR 2.53). Medical Aid beneficiaries had a significantly higher post-stroke mortality risk than the high-income group at all time points.

Peru, Uruguay high-tech research policies fall short

2016 ◽  
Keyword(s):  
Public Funding ◽  
Income Group ◽  
High Tech ◽  
Middle Income ◽  
Content Type ◽  
Technology And Innovation ◽  
Science Technology ◽  
Middle Income Group ◽  
Increase Productivity ◽  
Science Technology And Innovation

Subject Efforts to promote science, technology and innovation. Significance Peru and Uruguay have recently sought to reverse decades of neglect in science, technology and innovation (STI) policy through reforms and increases in public funding. However, STI capacity and research and development (R&D) output in these countries compare poorly against averages for their upper-middle-income group. Impacts Recent strong primary sector-led growth in Peru and Uruguay may not be sustained. Both countries need to increase productivity and diversify their economies to maintain long-term competitiveness. Increasing expenditure on R&D will be crucial to this end.

scholarly journals Trade Costs in the Developing World: 1996–2010

2015 ◽  
Vol 15 (3) ◽  
pp. 451-474 ◽  
Author(s):  
JEAN-FRANÇOIS ARVIS ◽  
YANN DUVAL ◽  
BEN SHEPHERD ◽  
CHORTHIP UTOKTHAM ◽  
ANASUYA RAJ
Keyword(s):  
Low Income ◽  
Trade Agreements ◽  
Income Group ◽  
Trade Costs ◽  
Low Income Countries ◽  
African Countries ◽  
Middle Income ◽  
Middle Income Group ◽  
Sub Saharan ◽  
Very High

AbstractWe use new data on trade and production in 167 countries to infer estimates of trade costs for manufactured goods and agriculture for 1996‒2010. Trade costs are strongly declining in country income level. Among developing countries, only the upper middle income group has been successful in reducing trade costs faster than elsewhere in the world. Sub-Saharan African countries and low income countries remain subject to very high trade costs. Regional trade agreements, maritime transport connectivity, and trade facilitation performance are important determinants of trade costs.

Mumbai's suburban mass housing

Urban History ◽  
2012 ◽  
Vol 39 (1) ◽  
pp. 128-148 ◽  
Author(s):  
FLORIAN URBAN
Keyword(s):  
Low Income ◽  
Income Group ◽  
Block Type ◽  
Local Conditions ◽  
Middle Income ◽  
Effective Measure ◽  
Mass Housing ◽  
Middle Income Group ◽  
1960S And 1970S ◽  
The Masses

ABSTRACT:In the 1960s and 1970s, the state-operated Maharashtra Housing Board and its successor organization Maharashtra Housing and Area Development Authority (MHADA) responded to Mumbai's exponential growth with what at the time was internationally considered to be the most effective measure to fight the housing shortage: large estates of standardized apartment blocks. In Mumbai's northern suburbs, housing compounds were built for designated income levels, such as Kannamwar Nagar and Sahyadri Nagar for the ‘low-income group’ and DN Nagar or Sahakar Nagar for the ‘middle-income group’. This article argues that Mumbai's state-sponsored tower blocks adapted an internationally discussed urban design concept to specific local conditions. The designers took up influences from both local Maharashtrian and European housing typologies of the mid-twentieth century, including upper-class art deco apartments, socialist housing compounds and serially built working-class chawls. In contrast to mass housing developments in Chicago, Moscow or Paris, Mumbai's tower blocks were built individually rather than from prefabricated parts, offered rather high standards of living compared to that of the majority and, as a result, became increasingly inhabited by comparably wealthy groups. Since the beginning of economic liberalization in the 1990s, many have been converted into private co-operatives. Once designed to house the masses, they are now visible symbols for a growing minority that constitutes Mumbai's new middle class. At the same time, they are an example for the local evolution of the modernist housing block type that is only apparently similar all over the world.

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