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Escaping the Middle‐Income Trap in S outheast A sia: Micro Evidence on Innovation, Productivity, and Globalization
Author(s) -
Lee Cassey,
Narjoko Dionisius
Publication year - 2015
Publication title -
asian economic policy review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.58
H-Index - 20
eISSN - 1748-3131
pISSN - 1832-8105
DOI - 10.1111/aepr.12090
Subject(s) - microdata (statistics) , globalization , economics , productivity , foreign direct investment , investment (military) , international trade , economic geography , international economics , development economics , demographic economics , economic growth , macroeconomics , market economy , political science , population , demography , sociology , politics , law , census
Microdata studies on innovation, productivity, and globalization are relatively new to the S outheast A sian region. Evidence from microdata studies in middle‐income countries provide valuable evidence for policymaking aimed at graduating these countries to high‐income status. Globalization via trade and foreign direct investment should continue to be important development strategies. A more nuanced approach focusing on exporters and potential exporters, especially SMEs , are likely to be needed. The extent of foreign participation is also likely to have important implications for technological spillovers.