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

Author

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  • Tho, Tran Van

    (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

  • Tho, Tran Van, 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
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    File URL: http://www.adbi.org/files/2013.05.16.wp421.middle.income.trap.issues.asean.pdf
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    References listed on IDEAS

    as
    1. 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.
    2. Indermit Gill & Homi Kharas, 2007. "An East Asian Renaissance : Ideas for Economic Growth," World Bank Publications, The World Bank, number 6798.
    3. 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.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Glawe, Linda & Wagner, Helmut, 2016. "China in the Middle-Income Trap?," MPRA Paper 73336, University Library of Munich, Germany.
    2. 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, KSP Journals, vol. 2(4), pages 205-215, December.
    3. 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.
    4. Gill,Indermit S. & Kharas,Homi, 2015. "The middle-income trap turns ten," Policy Research Working Paper Series 7403, The World Bank.
    5. 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.

    More about this item

    Keywords

    asean; middle-income trap; republic of korea; viet nam; indonesia; malaysia; philippines; thailand;

    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

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