How to avoid middle-income traps? Evidence from Malaysia Aaron Flaaen, Ejaz Ghani, Saurabh Mishra, 22 July 2013 Many developing countries are stuck in the middle-income gap. Focusing on Malaysia, this column argues that countries trapped in the middle-income conundrum will need to expand their ‘modern’ sectors. Traditional sectors with low productivity must shed labour, and high-productivity modern sectors (be they in goods or services) must hire more labour if they want to grow... ...UNIDO (United Nations Industrial Development Organization) (2009), “Industrial Development Report: Breaking In and Moving Up; New Industrial Challenges for the Bottom Billion and the Middle-Income Countries”, available online at unido.org voxeu.org/article/how-avoid-middle-income-traps-evidence-malaysia
Posted on: Wed, 24 Jul 2013 09:03:39 +0000
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