Overcoming the "middle-income trap": Chile case study
This article analyzes the concept of the middle income trap. First, it focuses on Latin America, since the region is home to several cases of this phenomenon, and demonstrates the different struggles that cross several nations to overcome. The way in which other regions, such as Asia Pacific, have t...
- Autores:
-
Galeano Hernandez, Santiago
Galeano Hernandez, Pablo
- Tipo de recurso:
- Fecha de publicación:
- 2019
- Institución:
- Universidad EAFIT
- Repositorio:
- Repositorio EAFIT
- Idioma:
- eng
- OAI Identifier:
- oai:repository.eafit.edu.co:10784/14795
- Acceso en línea:
- http://hdl.handle.net/10784/14795
- Palabra clave:
- Rights
- License
- Copyright (c) 2019 Santiago Galeano Hernandez, Pablo Galeano Hernandez
| Summary: | This article analyzes the concept of the middle income trap. First, it focuses on Latin America, since the region is home to several cases of this phenomenon, and demonstrates the different struggles that cross several nations to overcome. The way in which other regions, such as Asia Pacific, have treated average income, is also analyzed. Then, the article focuses on Chile and analyzes the behavior of this phenomenon in the southern country, to conclude that while Chile has come a long way to progress and reach high levels of income, there are still several aspects that its economy must change to to escape the problem involved in the middle income trap. |
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