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Trapped: Few Developing Countries Can Climb the Economic Ladder or Stay There

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  • Maria A. Arias
  • Yi Wen

Abstract

Despite the theory of global economic convergence, few developing countries have actually been able to catch up to the income levels in the U.S. or other advanced economies. They remain trapped at a relatively low- or middle-income level.

Suggested Citation

  • Maria A. Arias & Yi Wen, 2015. "Trapped: Few Developing Countries Can Climb the Economic Ladder or Stay There," The Regional Economist, Federal Reserve Bank of St. Louis, issue Oct.
    • Handle: RePEc:fip:fedlre:00088
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    Citations

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    Cited by:

    1. Andreoni, Antonio & Tregenna, Fiona, 2020. "Escaping the middle-income technology trap: A comparative analysis of industrial policies in China, Brazil and South Africa," Structural Change and Economic Dynamics, Elsevier, vol. 54(C), pages 324-340.
    2. Lili Wang & Yi Wen, 2018. "Escaping the Middle-Income Trap: A Cross-Country Analysis on the Patterns of Industrial Upgrading," Working Papers 2018-1, Federal Reserve Bank of St. Louis.
    3. Saurabh Mishra & Robert Koopman & Giuditta De-Prato & Anand Rao & Israel Osorio-Rodarte & Julie Kim & Nikola Spatafora & Keith Strier & Andrea Zaccaria, 2021. "AI Specialization for Pathways of Economic Diversification," Papers 2103.11042, arXiv.org.

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