Avoiding the Middle-Income Trap in Asia: The Role of Trade, Manufacturing, and Finance

ISBN 10: 4899740794 / ISBN 13: 9784899740797

Published by Asian Development Bank Institute, 2018

About this Item

Seller Inventory # I-9784899740797

Bibliographic Details

• Title: Avoiding the Middle-Income Trap in Asia: The Role of Trade, Manufacturing, and Finance
• Publisher: Asian Development Bank Institute
• Publication Date: 2018
• Language: English
• ISBN 10: 4899740794
• ISBN 13: 9784899740797
• Binding: Soft cover
• Condition: New

About this title

Synopsis

Since many policymakers aspire to pull their countries out of the middle-income trap and into the ranks of high-income countries, they must understand the factors that hinder or support the transition. This book defines the middle-income trap and examines the roles of manufacturing, finance, and trade openness in achieving sustainable development. The book also explores the role of government policy in fostering growth in the People’s Republic of China. A common theme is that such policies may have unforeseen side effects that undermine their effectiveness, including how the hukou registration system and land-use policy control the pace of urbanization.

About the Author

Naoyuki Yoshino is dean of the Asian Development Bank Institute.

Peter J. Morgan is senior consulting economist and co-chair, Research, at the Asian Development Bank Institute.

Guanghua Wan is principal economist of the Economic Research and Regional Cooperation Department at the Asian Development Bank.

Bihong Huang is a research fellow at the Asian Development Bank Institute.