Thunderclouds Over the Emerging Countries and the Middle-Income Trap

Victor Krasilshchikov ()
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Victor Krasilshchikov: Polish Institute of Advanced Studies

Chapter Chapter 3 in Brazil - Emerging Forever?, 2022, pp 31-53 from Springer

Abstract: Abstract The chapter discusses the shortcomings and vulnerabilities of non-Western countries’ success stories over the last years. According to the author, the development of knowledge-based economies in emerging countries, including China, is under question today due to various socioeconomic and socio-cultural reasons. The author points to ‘the great advice’ of Alexander Gerschenkron—to study unsuccessful modernisations—and asserts that Brazil gives us a good example of such a case. The chapter places emphasis on the Brazilianisation of China and the West. The middle-income trap concept and its interpretations are also scrutinised. Such consideration allows approaching Brazil from the point of view of the middle-income trap problem, taking into account the significance of social actors who are capable of finding an escape from the aforementioned trap.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:socchp:978-3-030-50208-9_3

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DOI: 10.1007/978-3-030-50208-9_3

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