Naviganting the Road to Riches (Canuto)

Navigating the Road to Riches by Otaviano Canuto. “A switchover of global growth engines is taking place. Developing economies as a whole are now the source of more than half of global GDP growth. As a result, concern has naturally shifted to a new question: Are there risks that some or many of these developing countries could fall prey to the “middle-income trap`?”