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About Eva Paus
Eva Paus is a professor of economics and the Carol Hoffmann Collins Director, McCulloch Center for Global Initiatives at Mount Holyoke College, Massachusetts, United States.Escaping the middle income trap: Innovate or perish
![Escaping the middle income trap: Innovate or perish Escaping the middle income trap: Innovate or perish](https://www.asiapathways-adbi.org/wp-content/uploads/2017/04/Escaping-the-middle-income-trap-Innovate-or-perish-180x180.jpg)
The “middle income trap” captures the situation where a middle income country can no longer compete internationally in standardized, labor-intensive commodities because wages are relatively too high, and it can also not compete in higher value added activities on a broad enough scale because productivity is relatively too low. The result is slow growth, stagnant or falling wages, and a growing informal economy.
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Recent Posts
- Linking Farmers to Markets Through Agricultural Cooperatives and E-Commerce in Asia
- How Can Governments Support Electricity Distribution to Achieve Net Zero in Asia?
- Promoting Corporate Climate Action Through Greenhouse Gas Accounting
- Evaluating G7 Commitments on Climate Change, Health, Well-Being, and Agriculture
- Will the G7 Apulia Summit Follow Think Tanks to Rearticulate Multilateralism?
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