Documents & Reports

Access to finance, product innovation, and middle-income growth traps (English)

Abstract

After experiencing an initial period of rapid growth, many developing countries have fallen into the middle-income 'trap', stuck between low-wage, low-technology markets and high-income, innovation-based developed economies. As previous literature has... See More +

Details

  • Agenor, Pierre-Richard; Canuto, Otaviano; Jelenic, Michael;
  • 2014/03/01
  • Brief
  • 86114
  • 1
  • 1
  • World
  • The World Region
  • 2014/03/25
  • Disclosed
  • Access to finance, product innovation, and middle-income growth traps
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