Escaping the Middle Income Trap – What can Asia Learn from Latin America (Paper)

8/4/2019 Escaping the Middle Income Trap What can Asia Learn from Latin America (Paper)

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0< C`ssd e| ì( !3==2"(05 I`cds bhodge bhoiule z`je `hl seguhes`|bdh df |ae eif'eg}idrel( Hdh'i`cds bhodge bhoiule bhodge fsdg}sd}es|r) dzh cubhee `hl |s`hfes( \s`hfes) bh |ush) o`h ce }sbv`|e !segb||`hoe `hl jbf|) fds eq`g}ie" ds }ucibo!}ehbdh `hl odhlb|bdhì oà |s`hfes) fds eq`g}ie"(


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`dob`|el zb|a jse`|es òoe |d eluo`|bdh bh }seoelbhj re`s zaboa g`le zdsnes zb|adu|

oaddibhj ds bhodg}ie|e }sbg`sr sei`|bveir o`soe(

_|`|e ò|bdh odh|sbcu|el |d |ae leoibhe bh bhepuìb|r bh @sjeh|bh`) Cs`{bi) Geqbod `hl ]esu bh

|asee g`bh z`r( Fbs|) jse`|es òoe |d c`bo eluo`|bdh b |ae seui| df eq}ibob| effds| g`le cr |ae

jdveshgeh| df Cs`{bi) Geqbod `hl ]esu !bh @sjeh|bh`) oaddibhj bhepuìb|r z` sei`|bveir gìies |d

cejbh zb|a"( _eodhl) jdveshgeh| !he|" |s`hfes ceo`ge gdse jehesdu hl }sdjsebve( \ae i`sje'

oìe bjh`|use odhlb|bdhì oà |s`hfes }sdjs`g Cdi` F`gbib` !Cs`{bi" `hl D}ds|uhbl`le

!Geqbod" seluoel }es o`}b|` adueadil bhodge bhepuìb|r cr ce|zeeh 0= `hl 3= }esoeh|( _eo|bdh ?

biiu|s`|el |ae hdh|sbvbì odh|sbcu|bdh df |s`hfes |d seluobhj }se'fbo bhepuìb|r `hl }dves|r bh `

|`|bo fboì bhoblehoe `hìrb( \absl) bh @sjeh|bh` `hl Cs`{bi |`|e ò|bdh ie| b|eif ce fei| |asduja

ò|bve i`cds g`sne| }dibobe( Bh cd|a oduh|sbe) abjaes gbhbgug z`je odg}seel |ae z`jelb|sbcu|bdh(

\ae seui| }seeh|el aese eeg |d u}}ds| |ae eqb|ehoe df ` \bhcesje`h }sdoe

!\bhcesjeh) 02:5" df bhepuìb|r lrh`gbo bh I`|bh @gesbo` bh |ae i`| ?= re`s( \ab vbez `sjue |a`|

|ae evdiu|bdh df bhepuìb|r !e`shbhj bhepuìb|r bh }`s|boui`s" le}ehl evesr|abhj eie epuì'' dh |ae

sòe ce|zeeh eluo`|bdh `hl |eoahdidjr( Hez |eoahdidjbe sepubse zdsnes zb|a }eobì nbii `hl

fds ` zabie nbiiel zdsnes o`h ehkdr ` nbii }segbug |a`| oùe e`shbhj bhepuìb|r |d sbe( \ae nbii

}segbug) bh |ush) ose`|e bhoeh|bve |d bhve| bh |ae u}js`lbhj df nbii( @ nbiiel zdsnes ceodge `

i`sjes a`se df |ae i`cds fdsoe) |ae nbii }segbug''`hl aehoe e`shbhj bhepuìb|r'' leoibhe( B| aduil

ce hd|el |a`| bh evesì oduh|sbe |ae epuìb{bhj effeo| df eluo`|bdhì u}js`lbhj doous }sbg`sbir

|asduja |ae leoibhe bh nbii }segbug !|a`| b) |ae h`ssdzbhj df |ae z`je j`} ce|zeeh abja nbiiel `hl

idz nbiiel zdsnes"( Bh odh|s`|) |ae oa`hje bh |ae odg}db|bdh df |ae i`cds fdsoe cr nbi|ae d'

oìiel pu`h|b|r'effeo|''b |bii uhepuìb{bhj bh g`hr oduh|sbe bhlbo`|bhj |a`| |ae }`s`ldq df }sdjse

bleh|bfbel cr Cdusjubjhdh e| ì( !3==5" |bii }sev`bi( \ab }`s`ldq odhb| bh |a`| bhoseè bh

|ae ge`h ievei df eluo`|bdh !zb|a se|ush ne}| odh|`h|" `se `dob`|el zb|a abjaes bhodge

bhepuìb|r) eveh bf |ae bhepuìb|r bh |ae lb|sbcu|bdh df eluo`|bdh fìi( \ab `dob`|bdh b bg}ir `seui| df |ae odhveqb|r df |ae e`shbhj fuho|bdh zb|a se}eo| |d eluo`|bdh( !Cdusjubjhdh e| ì() }(

?2:" Cdusjubjhdh e| ì( fbhl evblehoe df |ae }`s`ldq df }sdjse bh |ae oè df @sjeh|bh`)

Odidgcb`h) Bhldheb`) Gì`rb` `hl Geqbod bh |ae 021= `hl 022=> bh odh|s`|) b| z` hd| }seeh|

?2 _bgbi`s lrh`gbo bh |ae i`cds g`sne| zese fduhl bh @sjeh|bh` `hl Oabie> ee J`}`sbhb `hl Osuoe !3=0=" `hlEcesa`sl| `hl Ehjei !3==1"(


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bh Cs`{bi `hl \`bz`h) Oabh`( Gdse seoeh| see`soa) fbhl |a`| |ae }`s`ldq df }sdjse z` |bii pub|e

odggdh bh I`|bh @gesbo` eveh lusbhj |ae }esbdl df leoibhbhj bhepuìb|r( !Osuoe e| ì() 3=00"

B| b }seobeir |ae eqb|ehoe df ` \bhcesjeh'ibne }sdoe |a`| g`r csbhj |ae epuìb{bhj fdsoe

bh |ae lb|sbcu|bdh df e`shbhj |d ` aì| ` }d}ui`|bdh fòe c`ssbes |d òoe |d |es|b`sr eluo`|bdh(Eq}`hlbhj c`bo eluo`|bdh b sei`|bveir e`bes ceoùe |ae od| }es |uleh| b gìies `hl |ae

d}}ds|uhb|r od| guoa idzes( Fds }d|'eodhl`sr eluo`|bdh) adzeves) od| }es |uleh| `se guoa

abjaes( Gdse bg}ds|`h|ir) |ae d}}ds|uhb|r od| fds bhlbvbluì sbe a`s}ir dhoe |aer `se df

zdsnbhj `je( I`| cu| hd| ie`|) ` }sbg`sr c`ssbes |d òoe |d }d|'eodhl`sr eluo`|bdh gbja| ce |ae

idz puìb|r df eluo`|bdh bh |ae }seoelbhj ievei( Eveh |aduja òoe |d c`bo eluo`|bdh a` ceodge

zble}se`l) |ae lbffesehoe bh |ae puìb|r df eluo`|bdh seoebvel cr |ae }dds `se |bii vesr a`s}( Bf

hd odsseo|bve geùse `se |`neh bh bg}sdvbhj |ae puìb|r df c`bo eluo`|bdh òsd |ae cd`sl `hl

eq}`hlbhj òoe |d }d|'eodhl`sr eluo`|bdh fds |ae }dds) |ae epuìb{bhj fdsoe bh |ae i`cds g`sne|

zbii |d} `hl) g`rce) eveh je| sevesel(

Bh fò|) |aese b evblehoe |a`| sbbhj abja oaddi lsd}du| s`|e `hl |ae odiieje'uhse`lbhe

df rduhj }ed}ie fsdg idz'bhodge f`gbibe b ceabhl |ae a`s} bhoseè bh e`shbhj bhepuìb|r bh |ae

Uhb|el _|`|e( Bh |aebs csbiib`h| `hl zeii'ldougeh|el cddn) Jdilbh `h N`|{ !3==1" adz adz |ae

leoibhe bh |ae s`|e df jsdz|a df odiieje eluo`|el zdsnes eq}i`bh|d ` i`sje eq|eh||ae a`s} sbe

bh e`shbhj bhepuìb|r eq}esbehoel bh |ae Uhb|el _|`|e bh |ae i`| |abs|r re`s( G`hr d|aes |ulbe

a`ve ceeh zsb||eh dh |ae uckeo|(


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Escaping the Middle Income Trap – What can Asia Learn from Latin America (Paper)

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Transcript of Escaping the Middle Income Trap – What can Asia Learn from Latin America (Paper)