hotteste Moving Up the Ladder Development Challenges for Low and MiddleIncome Asia by Shigeyuki Hamori & Takuji Kinkyo jsvRp6Uf

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Besides export expansion a growing middle class in Asia has contributed to the areas economic expansion providing Asian countries with a window of opportunity to leap from lowmiddle income levels to high income levels. It may sound easy for these countries to run up the ladder of economic growth but the potential risks of quickly shifting from lowmiddle to high income levels are often overlooked. Careful studies in history reveal that the experience of moving up the ladder of economic grow