Back

Brazil and South Korea: Two Tales Of a Middle-Income Trap

June 9, 2021
Related topics: 
Economy

The middle-income trap may well characterize the experience of Brazil and most of Latin America since the 1980s. Conversely, South Korea maintained its pace of evolution, reaching a high-income status. Such divergence of economic growth can be related to their distinctive performances of domestic accumulation of technological and organizational capabilities. Their different approaches to global value chains and trade globalization reinforced such discrepancy in domestic accumulation processes.

Speakers
Otaviano Canuto
Senior Fellow
Senior Fellow at the Policy Center for the New South, Affiliate Professor at Mohammed VI Polytechnic University and Non-Resident Senior Fellow at Brookings Institute. Former Vice President and Executive Director at the World Bank, Executive Director at the International Monetary Fund (IMF) and Vice President at the Inter-American Development Bank. ...

RELATED CONTENT

  • Download PDF
    L’Afrique n’entend pas renoncer aux hydrocarbures
    Authors
    Francis Perrin
    September 4, 2023
    À  l’approche du Sommet africain du climat (Africa Climate Summit), qui se tiendra à Nairobi du 4 au 6 septembre 2023, de très nombreuses organisations non gouvernementales (ONG) ont écrit au président du Kenya, William Ruto, pour lui faire part de leurs inquiétudes concernant l’ordre du jour de ce sommet. Selon ces ONG, les intérêts des entreprises et des pays occidentaux pourraient prendre le pas sur ceux de l’Afrique. Les vraies priorités sont notamment d’éliminer progressivement ...
  • The Colombian Economy and Its Regional Structural Challenges
    Authors
    Eduardo Amaral Haddad
    Jaime Bonet
    Geoffrey J. D. Hewings
    August 30, 2023
    This Book was originally published on springer.com   This book examines regional structural challenges on Colombia’s path to sustainable social cohesion and regionally inclusive growth. These challenges can be divided into three main groups: (i) those that focus on competitiveness and the supply side, (ii) those that arise from critical business cycle issues on the demand side, and (iii) those concerning environmental sustainability, employment and social inclusion.  The contribu ...
  • Fostering Equitable Development through Inclusive Growth
    August 29, 2023
    In this conversation, Ms. Lina Khatib, the Director of SOAS University's Middle East Institute, delves deep into pressing regional issues. She highlights what policymakers can do to ensure the equitable distribution of economic development benefits and prevent any regression. Khatib als...
  • Rising Use of Local Currencies in Cross-Border Payments
    Authors
    Otaviano Canuto
    August 29, 2023
    At the August 22-24 BRICS summit in Johannesburg, the leaders of Brazil, Russia, India, China and South Africa said they wanted to use more of their national currencies for cross-border payments, which are currently dominated by the U.S. dollar and other global convertible currencies. Like China and the other BRICS, several other countries have also sought to develop alternative external payment mechanisms. Pairs of countries have agreed to settle commercial and financial transactio ...
  • Download PDF
    Fiscal Space in African Economies and Base Erosion and Profit Shifting (BEPS)
    Authors
    Fahd Azaroual
    Otaviano Canuto
    August 29, 2023
    Base erosion and profit shifting (BEPS) involving multinational companies is a complex, multi-dimensional problem resulting from loopholes and inconsistencies between countries’ tax systems. Addressing it requires coordinated action at the international level. Several organizations have taken initiatives in this direction, including the Organization for Economic Co-operation and Development (OECD), which, with the support of the G20, launched an ambitious project to combat BEPS in 2 ...
  • L'informel au Maroc
    August 28, 2023
    Le secteur informel joue un rôle crucial dans le développement économique et social du Maroc en tant que filet de sécurité pour de nombreux travailleurs. Cependant, sa concentration dans de petites entreprises qui manquent de moyens de production sophistiqués peut entraver la croissance...
  • Assessing Inclusive Growth in the Middle East and North Africa
    August 18, 2023
    In this interview, Taline Koranchelian, the Deputy Director at the International Monetary Fund's (IMF) Middle East and Central Asia Department, shares her insights on the region's progress in achieving inclusive growth over the past decade. She discusses successful approaches, challenge...