New episode of Pocket Economics podcast
“It is not about doing more of the same; it’s about doing different things. That’s the difficulty of middle-income transition.”
In the new episode of our ‘Pocket Economics’ podcast, we discuss the ‘middle-income trap’, namely the state of affairs whereby a developing economy becomes stuck at a certain level of income and cannot join the ranks of advanced, high income economies.
Is the ‘middle-income trap’ a myth or in fact a reality afflicting many countries?