Escaping the middle-income trap: lessons from East Asia’s experience - Economic Research Forum (ERF)

Escaping the middle-income trap: lessons from East Asia’s experience

Escaping the middle-income trap: lessons from East Asia’s experience

By Keun Lee

Many countries find themselves in the ‘middle-income trap’, facing a slowdown of economic growth because of weak innovation. This column draws on the experiences of East Asian countries to explore how businesses can..more