Bitte benutzen Sie diese Kennung, um auf die Ressource zu verweisen: https://doi.org/10.21256/zhaw-22552
Publikationstyp: Beitrag in wissenschaftlicher Zeitschrift
Art der Begutachtung: Peer review (Publikation)
Titel: Old wine and new bottles : a critical appraisal of the middle-income trap in BRICS countries
Autor/-in: Hartwell, Christopher A.
et. al: No
DOI: 10.3897/j.ruje.4.27726
10.21256/zhaw-22552
Erschienen in: Russian Journal of Economics
Band(Heft): 4
Heft: 2
Seite(n): 133
Seiten bis: 154
Erscheinungsdatum: 30-Jun-2018
Verlag / Hrsg. Institution: Voprosy Ekonomiki
ISSN: 2405-4739
2618-7213
Sprache: Englisch
Schlagwörter: BRICS; Growth; Institiutions; Middle income trap
Fachgebiet (DDC): 330: Wirtschaft
Zusammenfassung: The idea of a middle-income trap is now over a decade old and continues to be applied to growth paths which have not been self-sustaining. With the bulk of emerging markets now approaching middle-income status, and given the reality of slower growth for many countries (and the policy recommendations that currently exist for overcoming this problem), is the middle-income trap still a relevant framework? Using reference to the BRICS countries, the key finding of this analysis is that the middle-income trap conceptualization is of little value-added, as fundamentals still matter, especially in relation to macroeconomic stability. Similarly, we note that “quality” institutions are necessary, both political and economic, including (smaller) size of government and property rights. The “trap” as currently formulated is thus nothing new or particularly relevant, as it repackages some familiar structural issues while avoiding other crucial ones.
URI: https://digitalcollection.zhaw.ch/handle/11475/22552
Volltext Version: Publizierte Version
Lizenz (gemäss Verlagsvertrag): CC BY-NC-ND 4.0: Namensnennung - Nicht kommerziell - Keine Bearbeitungen 4.0 International
Departement: School of Management and Law
Organisationseinheit: International Management Institute (IMI)
Enthalten in den Sammlungen:Publikationen School of Management and Law

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