Asia And The Middle-Income Trap(1st Edition)

Authors:

Francis E Hutchinson, Sanchita Basu Das

Asia And The Middle-Income Trap1st EditionFrancis E Hutchinson, Sanchita Basu Das1317388666, 9781317388661
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Cover Type: Hardcover
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Book details

ISBN: 1317388666, 9781317388661

Book publisher: Routledge

Book Price $68.5 : Asia and the Middle-Income Trap by Francis E Hutchinson and Sanchita Basu Das explores the economic challenges faced by Asian countries as they strive to transition from middle-income to high-income status. This insightful book discusses the structural impediments and institutional constraints that prevent these nations from breaking this income ceiling. Key themes include economic diversification, labor market dynamics, and innovation-driven growth. The authors employ a multidisciplinary approach, combining economic theory with real-world case studies to illustrate how different countries have navigated these challenges. The book's table of content meticulously outlines the complex interplay between policy choices and economic outcomes. Additionally, it serves as a solution manual for policymakers by offering practical recommendations to overcome the middle-income trap, effectively acting as an answer key to a sustainable economic future for developing Asian economies. The book has been well-received for its comprehensive analysis and its ability to provide clarity to a complex issue through engaging storytelling and robust research methodology. However, some critiques mention its dense academic style, which may be challenging for readers without a background in economics. Overall, this research serves as a crucial resource for understanding the future of Asia's economic landscape, highlighting the transformative policies needed for success. The cheap format allows educators to distribute copies broadly while maintaining dependable content.