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→Innovation and countries going from middle-income countries to high-income countries
*[https://www.byarcadia.org/post/falling-into-the-middle-income-trap-stagnant-innovation-and-growth-in-latin-america The Middle-Income Trap: Stagnant Innovation and Growth in Latin America]
*[https://www.byarcadia.org/post/falling-into-the-middle-income-trap-stagnant-innovation-and-growth-in-latin-america The Middle-Income Trap: Stagnant Innovation and Growth in Latin America]
== Middle-income trap ==
''
See also:'' [[Middle-income trap]]
The Asia Society describes the middle-income trap thusly: "The “middle-income trap” is a theory of economic development in which wages in a country rise to the point that growth potential in export-driven low-skill manufacturing is exhausted before it attains the innovative capability needed to boost productivity and compete with developed countries in higher value-chain industries. Thus, there are few avenues for further growth — and wages stagnate."<ref>[https://asiasociety.org/new-york/china-may-be-running-out-time-escape-middle-income-trap China May Be Running Out of Time To Escape the Middle-Income Trap], Asia Society, 2017</ref>
== References ==
== References ==