Why Developing Countries Are At Risk Of Falling Into The "Middle-Income Trap"


Photo: theodorescott via Flickr

WASHINGTON, D.C. – A switchover of global growth engines is taking place. Developing economies as a whole are now the source of more than half of global GDP growth.As a result, concern has naturally shifted to a new question: Are there risks that some or many of these developing countries could fall prey to the “middle-income trap”?

Continue reading at Project Syndicate. >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.