Trapped: Few Developing Countries Can Climb the Economic Ladder or Stay There

Maria A. Arias and Yi Wen

The Regional Economist, 2015, issue Oct

Abstract: Despite the theory of global economic convergence, few developing countries have actually been able to catch up to the income levels in the U.S. or other advanced economies. They remain trapped at a relatively low- or middle-income level.

Date: 2015
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