How to Avoid Middle-Income Traps? : Evidence from Malaysia

Malaysias structural transformation from low to middle income has made it one of the most prominent manufacturing exporters in the world. However, in the competitive global economy, like many other middle-income economies, it is sandwiched between...

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Bibliographic Details
Main Authors:	Flaaen, Aaron, Ghani, Ejaz, Mishra, Saurabh
Format:	Brief
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	ACCOUNTING ADVANCED ECONOMIES AGRICULTURE BALANCE OF PAYMENTS BUSINESS INNOVATIONS BUSINESS SERVICES CAPABILITIES CAPITAL ACCUMULATION CAPITAL MARKETS CITIES COLLATERAL COMMODITIES COMMODITY COMMUNICATION TECHNOLOGIES COMPETITIVE MARKETS COMPETITIVENESS CRITICAL MASS DATA AVAILABILITY DEBT DEVELOPING COUNTRIES ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORY ECONOMICS EMERGING ECONOMIES EMERGING MARKETS EMPLOYMENT EMPLOYMENT GROWTH EQUIPMENT ESP EXPORT GROWTH EXPORTS FINANCIAL SERVICES FOREIGN FIRMS GDP GDP PER CAPITA GLOBAL ECONOMY GLOBAL MARKETS GLOBALIZATION GROSS DOMESTIC PRODUCT GROWTH RATE GROWTH RATES GROWTH STRATEGY HIGH WAGES INCOME INCOME LEVELS INDUSTRIAL COUNTRIES INDUSTRIAL DEVELOPMENT INDUSTRIALIZATION INDUSTRY SCOREBOARD INFORMATION NETWORKS INFORMATION SERVICES INNOVATION INNOVATIONS INSURANCE INTERNATIONAL COMPARISONS INTERNATIONAL COMPETITION INTERNATIONAL COMPETITIVENESS INTERNATIONAL STANDARD INTERNATIONAL TRADE JOB CREATION LABOR FORCE LABOR PRODUCTIVITY LEARNING LICENSE LICENSE FEES LOW-INCOME COUNTRIES MANUFACTURING MANUFACTURING INDUSTRIES MARGINAL PRODUCTIVITY MARGINAL PRODUCTS MIDDLE-INCOME COUNTRIES MIDDLE-INCOME COUNTRY MIDDLE-INCOME ECONOMIES NETWORK EXTERNALITIES OUTPUT PER CAPITA INCOME PRODUCT INNOVATION PRODUCTION FUNCTION PRODUCTIVITY GROWTH RAMP;D REAL GDP RESULT RESULTS SKILL SHORTAGES SKILLED LABOR SKILLED WORKERS SOCIAL COHESION SOCIAL ENTREPRENEURS STRUCTURAL CHANGE TAX TAX REVENUES TAXONOMY TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TRACK RECORD TRADE STATISTICS VALUE ADDED VENTURE CAPITAL WAGES
Online Access:	http://documents.worldbank.org/curated/en/2013/06/17893586/avoid-middle-income-traps-evidence-malaysia http://hdl.handle.net/10986/22602

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Summary:	Malaysias structural transformation from low to middle income has made it one of the most prominent manufacturing exporters in the world. However, in the competitive global economy, like many other middle-income economies, it is sandwiched between low-wage economies on one side and more innovative advanced economies on the other. What can Malaysia do? Does Malaysia need a new growth strategy?

How to Avoid Middle-Income Traps? : Evidence from Malaysia

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