IDEAS home Printed from https://ideas.repec.org/p/ris/adbiwp/0421.html

The Middle-Income Trap: Issues for Members of the Association of Southeast Asian Nations

Author

Listed:
  • Tran Van Tho

    (Asian Development Bank Institute)

Abstract

The problem faced by many of the economies making up the Association of Southeast Asian Nations (ASEAN) is whether they can avoid the middle-income trap and advance to the high-income level. What is needed for them to avoid the middle-income trap? This paper attempts to answer this question by building an analytical framework based on the factors that determine each development stage of an economy, and by comparing the current situation of four ASEAN middle-income countries with the experience of the Republic of Korea, a country that managed to overcome the middle-income trap and reach the high-income level in the late 1990s.

Suggested Citation

  • Tran Van Tho, 2013. "The Middle-Income Trap: Issues for Members of the Association of Southeast Asian Nations," ADBI Working Papers 421, Asian Development Bank Institute.
    • Handle: RePEc:ris:adbiwp:0421
    as

    Download full text from publisher

    File URL: http://www.adbi.org/files/2013.05.16.wp421.middle.income.trap.issues.asean.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Coxhead, Ian, 2007. "A New Resource Curse? Impacts of China's Boom on Comparative Advantage and Resource Dependence in Southeast Asia," World Development, Elsevier, vol. 35(7), pages 1099-1119, July.
    2. Dani Rodrik, 2007. "Introductiion to One Economics, Many Recipes: Globalization, Institutions, and Economic Growth," Introductory Chapters, in: One Economics, Many Recipes: Globalization, Institutions, and Economic Growth, Princeton University Press.
    3. repec:wbk:wbpubs:6798 is not listed on IDEAS
    4. repec:wbk:wbpubs:15158 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Glawe, Linda & Wagner, Helmut, 2020. "China in the middle-income trap?," China Economic Review, Elsevier, vol. 60(C).
    2. Semih Gökatalay, 2015. "Political Economy of Middle-Income Trap Concept," EY International Congress on Economics II (EYC2015), November 5-6, 2015, Ankara, Turkey 275, Ekonomik Yaklasim Association.
    3. 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.
    4. Umit BULUT & Ahsen Seda BULUT, 2015. "The Role of Schooling in Struggling with the Middle-Income Trap: Dynamic Panel Data Analysis," Journal of Social and Administrative Sciences, EconSciences Journals, vol. 2(4), pages 205-215, December.
    5. Ajai Chopra, 2015. "Financing Productivity- and Innovation-Led Growth in Developing Asia: International Lessons and Policy Issues," Working Paper Series WP15-6, Peterson Institute for International Economics.
    6. Gill,Indermit S. & Kharas,Homi, 2015. "The middle-income trap turns ten," Policy Research Working Paper Series 7403, The World Bank.
    7. Viet Nguyen, Thanh & Simioni, Michel & Le Van, Dao, 2019. "Assessment of TFP change at provincial level in Vietnam: New evidence using Färe–Primont productivity index," Economic Analysis and Policy, Elsevier, vol. 64(C), pages 329-345.
    8. Reda Cherif & Fuad Hasanov, 2015. "The Leap of the Tiger: How Malaysia Can Escape the Middle-Income Trap," IMF Working Papers 2015/131, International Monetary Fund.
    9. Szunomár, Ágnes, 2019. "A digitális nagy ugrás. Lassulás és modernizációs stratégiaváltás Kínában [The great digital leap. Deceleration and a change in modernisation strategy in China]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(12), pages 1312-1346.
    10. Jungsuk Kim & Jungsoo Park, 2018. "The Role of Total Factor Productivity Growth in Middle-Income Countries," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 54(6), pages 1264-1284, May.
    11. Shahid Yusuf, 2018. "East Asian Cat or African Cat: Which One Is the Better Mouse Catcher?," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 10(1-3), pages 60-72, January.
    12. Berger, Axel & Bruhn, Dominique & Bender, Andrea & Friesen, Julia & Kick, Katharina & Kullmann, Felix & Roßner, Robert & Weyrauch, Svenja, 2016. "Deep preferential trade agreements and upgrading in global value chains: the case of Vietnam," IDOS Studies, German Institute of Development and Sustainability (IDOS), volume 92, number 92, March.

    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. Blanco, Luisa & Grier, Robin, 2012. "Natural resource dependence and the accumulation of physical and human capital in Latin America," Resources Policy, Elsevier, vol. 37(3), pages 281-295.
    2. Gani, Azmat & Scrimgeour, Frank, 2014. "Modeling governance and water pollution using the institutional ecological economic framework," Economic Modelling, Elsevier, vol. 42(C), pages 363-372.
    3. Aslihan Arslan & J. Edward Taylor, 2009. "Farmers’ Subjective Valuation of Subsistence Crops: The Case of Traditional Maize in Mexico," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 91(4), pages 956-972.
    4. Peter Nunnenkamp & Rainer Thiele, 2013. "Financing for Development: The Gap between Words and Deeds since Monterrey," Development Policy Review, Overseas Development Institute, vol. 31(1), pages 75-98, January.
    5. Lyubimov, Ivan, 2016. "Corrupt bureaucrats, bad managers, and the slow race between education and technology," BOFIT Discussion Papers 12/2016, Bank of Finland Institute for Emerging Economies (BOFIT).
    6. Sabrina Auci & Laura Castellucci & Manuela Coromaldi, 2021. "How does public spending affect technical efficiency? Some evidence from 15 European countries," Bulletin of Economic Research, Wiley Blackwell, vol. 73(1), pages 108-130, January.
    7. Esparza Masana, Ricard & Fernández, Tatiana, 2019. "Monitoring S3: Key dimensions and implications," Evaluation and Program Planning, Elsevier, vol. 77(C).
    8. Quibria, M.G., 2020. "Poverty and Policy in the Developing World: Before and After the Pandemic," MPRA Paper 104240, University Library of Munich, Germany, revised 15 Oct 2020.
    9. Morag Goodwin, 2022. "Evaluating the Success of Decentralisation in Facilitating the Inclusion of Rwanda’s Marginalised," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 34(5), pages 2251-2271, October.
    10. Santos, Eleonora & Khan, Shahed, 2019. "FDI Policies and Catching-Up," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 0(7(61)), pages 1821-1853.
    11. Elert, Niklas & Henrekson, Magnus & Stenkula, Mikael, 2017. "Institutional Reform for Innovation and Entrepreneurship: An Agenda for Europe," Working Paper Series 1150, Research Institute of Industrial Economics, revised 16 Feb 2017.
    12. Niklas Elert & Magnus Henrekson, 2019. "The collaborative innovation bloc: A new mission for Austrian economics," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 32(4), pages 295-320, December.
    13. Schneider, Sophie Therese, 2018. "North-South trade agreements and the quality of institutions: Panel data evidence," Hohenheim Discussion Papers in Business, Economics and Social Sciences 27-2018, University of Hohenheim, Faculty of Business, Economics and Social Sciences.
    14. Kathryn Hochstetler & Alfred P. Montero, 2013. "The Renewed Developmental State: The National Development Bank and the Brazil Model," Journal of Development Studies, Taylor & Francis Journals, vol. 49(11), pages 1484-1499, November.
    15. Adu, Raymond & Litsios, Ioannis & Baimbridge, Mark, 2019. "Real exchange rate and asymmetric shocks in the West African Monetary Zone (WAMZ)," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 59(C), pages 232-249.
    16. Guna Raj Bhatta, 2015. "Structural Changes in a Small and Open Economy: Evidences from Nepal," Working Papers id:7270, eSocialSciences.
    17. Gaaitzen J. Vries, 2014. "Productivity in a Distorted Market: The Case of Brazil's Retail Sector," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 60(3), pages 499-524, September.
    18. Bo Rothstein, 2011. "Can markets be expected to prevent themselves from self‐destruction?," Regulation & Governance, John Wiley & Sons, vol. 5(4), pages 387-404, December.
    19. Jean-Bernard LAYAN & Yannick LUNG, 2008. "Attractiveness and agglomeration of automotive industry in Morocco and Tunisia: A comparative analysis (In French)," Cahiers du GREThA (2007-2019) 2008-20, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    20. Mark Harrison & Nikolaus Wolf, 2014. "The Frequency of Wars," World Scientific Book Chapters, in: THE ECONOMICS OF COERCION AND CONFLICT, chapter 5, pages 121-149, World Scientific Publishing Co. Pte. Ltd..

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:ris:adbiwp:0421. 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: ADB Institute (email available below). General contact details of provider: https://edirc.repec.org/data/adbinjp.html .

    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.