All the way to the top: industrial policy, innovation, and sustained growth by Reda Cherif and Fuad Hasanov published by IMF (11/2019). “The odds of poor or middle-income countries achieving the stardom of the ‘Asian Miracles’ within a generation or two, or even three, are small. Between 1960 and 2014, only 16 developing economies worldwide were able to vault into high-income status, and many or those were fortunate enough to have discovered oil or join the European Union…”
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