Journal Article
Trapped: Few Developing Countries Can Climb the Economic Ladder or Stay There
Abstract: Despite the theory of global economic convergence, few developing countries have actually been able to catch up to the income levels in the U.S. or other advanced economies. They remain trapped at a relatively low- or middle-income level.
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: The Regional Economist
Publication Date: 2015
Issue: Oct
Order Number: 4-9