Please use this identifier to cite or link to this item: https://doi.org/10.21256/zhaw-22552
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dc.contributor.authorHartwell, Christopher A.-
dc.date.accessioned2021-05-27T14:00:04Z-
dc.date.available2021-05-27T14:00:04Z-
dc.date.issued2018-06-30-
dc.identifier.issn2405-4739de_CH
dc.identifier.issn2618-7213de_CH
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/22552-
dc.description.abstractThe 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.de_CH
dc.language.isoende_CH
dc.publisherVoprosy Ekonomikide_CH
dc.relation.ispartofRussian Journal of Economicsde_CH
dc.rightshttp://creativecommons.org/licenses/by-nc-nd/4.0/de_CH
dc.subjectBRICSde_CH
dc.subjectGrowthde_CH
dc.subjectInstitiutionsde_CH
dc.subjectMiddle income trapde_CH
dc.subject.ddc330: Wirtschaftde_CH
dc.titleOld wine and new bottles : a critical appraisal of the middle-income trap in BRICS countriesde_CH
dc.typeBeitrag in wissenschaftlicher Zeitschriftde_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
zhaw.organisationalunitInternational Management Institute (IMI)de_CH
dc.identifier.doi10.3897/j.ruje.4.27726de_CH
dc.identifier.doi10.21256/zhaw-22552-
zhaw.funding.euNode_CH
zhaw.issue2de_CH
zhaw.originated.zhawNode_CH
zhaw.pages.end154de_CH
zhaw.pages.start133de_CH
zhaw.publication.statuspublishedVersionde_CH
zhaw.volume4de_CH
zhaw.publication.reviewPeer review (Publikation)de_CH
zhaw.author.additionalNode_CH
zhaw.display.portraitYesde_CH
Appears in collections:Publikationen School of Management and Law



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