The Middle-Income Trap: Issues for Members of the Association of Southeast Asian Nations

Tran Van Tho
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Tran Van Tho: Asian Development Bank Institute

No 421, ADBI Working Papers from Asian Development Bank Institute

Abstract: The problem faced by many of the economies making up the Association of Southeast Asian Nations (ASEAN) is whether they can avoid the middle-income trap and advance to the high-income level. What is needed for them to avoid the middle-income trap? This paper attempts to answer this question by building an analytical framework based on the factors that determine each development stage of an economy, and by comparing the current situation of four ASEAN middle-income countries with the experience of the Republic of Korea, a country that managed to overcome the middle-income trap and reach the high-income level in the late 1990s.

Keywords: asean; middle-income trap; republic of korea; viet nam; indonesia; malaysia; philippines; thailand (search for similar items in EconPapers)
JEL-codes: O10 O11 O40 O43 O53 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2013-05-16
New Economics Papers: this item is included in nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

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