IDEAS home Printed from https://ideas.repec.org/a/bla/devchg/v56y2025i4-5p1061-1083.html

Middle‐income Trap or Neoliberal Trap? Industrial Policy and Ideology in the World Development Report 2024

Author

Listed:
  • Pritish Behuria
  • Andy Sumner

Abstract

No abstract is available for this item.

Suggested Citation

  • Pritish Behuria & Andy Sumner, 2025. "Middle‐income Trap or Neoliberal Trap? Industrial Policy and Ideology in the World Development Report 2024," Development and Change, International Institute of Social Studies, vol. 56(4-5), pages 1061-1083, July.
  • Handle: RePEc:bla:devchg:v:56:y:2025:i:4-5:p:1061-1083
    DOI: 10.1111/dech.70013
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/dech.70013
    Download Restriction: no

    File URL: https://libkey.io/10.1111/dech.70013?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Prebisch, Raúl, 1950. "The economic development of Latin America and its principal problems," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 29973, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    2. Ufuk Akcigit & William R. Kerr, 2018. "Growth through Heterogeneous Innovations," Journal of Political Economy, University of Chicago Press, vol. 126(4), pages 1374-1443.
    3. Lewis, Peter & Stein, Howard, 1997. "Shifting fortunes: The political economy of financial liberalization in Nigeria," World Development, Elsevier, vol. 25(1), pages 5-22, January.
    4. Alice H. Amsden, 2009. "Escape from Empire: The Developing World's Journey through Heaven and Hell," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262513153, December.
    5. Barry Eichengreen & Donghyun Park & Kwanho Shin, 2013. "Growth Slowdowns Redux: New Evidence on the Middle-Income Trap," NBER Working Papers 18673, National Bureau of Economic Research, Inc.
    6. Pierre-Richard Agénor, 2017. "Caught In The Middle? The Economics Of Middle-Income Traps," Journal of Economic Surveys, Wiley Blackwell, vol. 31(3), pages 771-791, July.
    7. Mkandawire, Thandika, 2001. "Thinking about Developmental States in Africa," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 25(3), pages 289-313, May.
    8. Lant Pritchett & Lawrence H. Summers, 2013. "Asia-phoria meet regression to the mean," Proceedings, Federal Reserve Bank of San Francisco, issue Nov, pages 1-35.
    9. Boone, Catherine, 1994. "Trade, taxes, and tribute: Market liberalizations and the new importers in West Africa," World Development, Elsevier, vol. 22(3), pages 453-467, March.
    10. Amsden, Alice H., 1994. "Why isn't the whole world experimenting with the East Asian model to develop?: Review of the East Asian miracle," World Development, Elsevier, vol. 22(4), pages 627-633, April.
    11. Robert H. Wade, 2018. "The Developmental State: Dead or Alive?," Development and Change, International Institute of Social Studies, vol. 49(2), pages 518-546, March.
    12. Erik S. Reinert & Jayati Ghosh & Rainer Kattel (ed.), 2016. "Handbook of Alternative Theories of Economic Development," Books, Edward Elgar Publishing, number 15311.
    13. Wade, Robert H., 2018. "The developmental state: dead or alive?," LSE Research Online Documents on Economics 87356, London School of Economics and Political Science, LSE Library.
    14. Tony Lawson, 2006. "The nature of heterodox economics," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 30(4), pages 483-505, July.
    15. Albert O. Hirschman, 1968. "The Political Economy of Import-Substituting Industrialization in Latin America," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 82(1), pages 1-32.
    16. Grabel, Ilene, 2018. "When Things Don't Fall Apart: Global Financial Governance and Developmental Finance in an Age of Productive Incoherence," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262037254, December.
    17. Joanna I. Lewis, 2014. "The Rise of Renewable Energy Protectionism: Emerging Trade Conflicts and Implications for Low Carbon Development," Global Environmental Politics, MIT Press, vol. 14(4), pages 10-35, November.
    18. R. Kaplinsky, 2000. "Globalisation and Unequalisation: What Can Be Learned from Value Chain Analysis?," Journal of Development Studies, Taylor & Francis Journals, vol. 37(2), pages 117-146.
    19. repec:wbk:wbpubs:6798 is not listed on IDEAS
    20. Dani Rodrik, 2008. "Goodbye Washington Consensus, Hello Washington Confusion? A Review of the World Bank’s Economic Growth in the 1990s: Learning from a Decade of Reform," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 55(2), pages 135-156.
    21. Erick Lachapelle & Robert MacNeil & Matthew Paterson, 2017. "The political economy of decarbonisation: from green energy ‘race’ to green ‘division of labour’," New Political Economy, Taylor & Francis Journals, vol. 22(3), pages 311-327, May.
    22. Kaplinsky, Raphael, 2006. "Revisiting the revisited terms of trade: Will China make a difference?," World Development, Elsevier, vol. 34(6), pages 981-995, June.
    23. Dani Rodrik, 2016. "Premature deindustrialization," Journal of Economic Growth, Springer, vol. 21(1), pages 1-33, March.
    24. Fernando Gabriel Im & David Rosenblatt, 2015. "Middle-Income Traps: A Conceptual and Empirical Survey," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 6(03), pages 1-39.
    25. Lindsay Whitfield, 2023. "Markets, States or Transnational Networks? Explaining Technology Leverage by Latecomer Firms in Industrializing Countries," Journal of Development Studies, Taylor & Francis Journals, vol. 59(10), pages 1508-1530, October.
    26. Thandika Mkandawire, 1999. "The political economy of financial reform in Africa," Journal of International Development, John Wiley & Sons, Ltd., vol. 11(3), pages 321-342.
    27. Kang, David C., 2002. "Bad Loans to Good Friends: Money Politics and the Developmental State in South Korea," International Organization, Cambridge University Press, vol. 56(1), pages 177-207, January.
    28. Nahee Kang & Eva Paus, 2020. "The Political Economy of the Middle Income Trap: The Challenges of Advancing Innovation Capabilities in Latin America, Asia and Beyond," Journal of Development Studies, Taylor & Francis Journals, vol. 56(4), pages 651-656, April.
    29. Pritish Behuria, 2021. "The political economy of reviving industrial policy in Uganda," Oxford Development Studies, Taylor & Francis Journals, vol. 49(4), pages 368-385, October.
    30. Stefan Pahl & Marcel P. Timmer, 2020. "Do Global Value Chains Enhance Economic Upgrading? A Long View," Journal of Development Studies, Taylor & Francis Journals, vol. 56(9), pages 1683-1705, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Behuria, Pritish, 2017. "The political economy of import substitution in the 21st century: the challenge of recapturing the domestic market in Rwanda," LSE Research Online Documents on Economics 69470, London School of Economics and Political Science, LSE Library.
    2. Csontos, Tamás Tibor, 2023. "A magyar felzárkózási modell ágazati alapú, regionális és időbeli összehasonlító elemzése [Sectoral comparative analysis of the Hungarian catching-up model]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(2), pages 167-191.
    3. Amir Lebdioui & Keun Lee & Carlo Pietrobelli, 2021. "Local-foreign technology interface, resource-based development, and industrial policy: how Chile and Malaysia are escaping the middle-income trap," The Journal of Technology Transfer, Springer, vol. 46(3), pages 660-685, June.
    4. Maria Savona, 2021. "Revisiting High Development Theory to Explain Upgrading Prospects in Business Services Global Value Chains," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 33(2), pages 206-226, April.
    5. Prajapati, Vishwajeet Singh & Priya, Ashutosh & Pradhan, Vikas, . "The middle-income trap – a problem of definition and empirical research," Economic and Regional Studies (Studia Ekonomiczne i Regionalne), John Paul II University of Applied Sciences in Biala Podlaska, vol. 16(3).
    6. Prajapati Vishwajeet Singh & Priya Ashutosh & Pradhan Vikas, 2023. "The middle-income trap – a problem of definition and empirical research," Economic and Regional Studies / Studia Ekonomiczne i Regionalne, Sciendo, vol. 16(3), pages 459-472, September.
    7. Jörg Wiegratz & Pritish Behuria & Christina Laskaridis & Lebohang Liepollo Pheko & Ben Radley & Sara Stevano, 2023. "Common Challenges for All? A Critical Engagement with the Emerging Vision for Post‐pandemic Development Studies," Development and Change, International Institute of Social Studies, vol. 54(5), pages 921-953, September.
    8. Daniela Gabor, 2021. "The Wall Street Consensus," Development and Change, International Institute of Social Studies, vol. 52(3), pages 429-459, May.
    9. Charles Gore, 2017. "Late industrialisation, urbanisation and the middle-income trap: an analytical approach and the case of Vietnam," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 10(1), pages 35-57.
    10. Birdsall, Nancy & de la Torre, Augusto & Caicedo, Felipe Valencia, 2010. "The Washington consensus : assessing a damaged brand," Policy Research Working Paper Series 5316, The World Bank.
    11. Pierre-Richard AGENOR, 2016. "Caught in the Middle? The Economics of Middle-Income Traps," Working Papers P142, FERDI.
    12. Reda Cherif & Fuad Hasanov, 2019. "The Return of the Policy That Shall Not Be Named: Principles of Industrial Policy," IMF Working Papers 2019/074, International Monetary Fund.
    13. Isaac Abotebuno Akolgo, 2023. "Ghana's Debt Crisis and the Political Economy of Financial Dependence in Africa: History Repeating Itself?," Development and Change, International Institute of Social Studies, vol. 54(5), pages 1264-1295, September.
    14. Solomon Owusu, 2025. "Global value chains and aggregate productivity growth in developing countries: the role of intra-sectoral allocation and structural change," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 161(1), pages 89-119, February.
    15. Peter Lloyd & Cassey Lee, 2018. "A Review Of The Recent Literature On The Institutional Economics Analysis Of The Long†Run Performance Of Nations," Journal of Economic Surveys, Wiley Blackwell, vol. 32(1), pages 1-22, February.
    16. Ingrid Harvold Kvangraven, 2021. "Beyond the Stereotype: Restating the Relevance of the Dependency Research Programme," Development and Change, International Institute of Social Studies, vol. 52(1), pages 76-112, January.
    17. Gabor, Daniela & Braun, Benjamin, 2023. "Green macrofinancial regimes," SocArXiv 4pkv8, Center for Open Science.
    18. Pierre-Richard Agénor, 2017. "Caught In The Middle? The Economics Of Middle-Income Traps," Journal of Economic Surveys, Wiley Blackwell, vol. 31(3), pages 771-791, July.
    19. Asano Takao & Shibata Akihisa & Yokoo Masanori, 2023. "Middle-income traps and complexity in economic development," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 27(4), pages 553-565, September.
    20. Önder Nomaler & Danilo Spinola & Bart Verspagen, 2024. "Demand‐led industrialisation policy in a dual‐sector small open economy," Metroeconomica, Wiley Blackwell, vol. 75(3), pages 339-376, July.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:devchg:v:56:y:2025:i:4-5:p:1061-1083. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0012-155X .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.