The Leap of the Tiger: How Malaysia Can Escape the Middle-Income Trap
Electronic Access:
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Summary:
Only a few European economies and Korea and Taiwan Province of China reached high-income status during 1970-2010. Malaysia’s real income per capita increased to 26 percent of the U.S. level in 2010 from 20 percent in 1970. Despite relatively strong growth and a substantial improvement in export sophistication, Malaysia’s total factor productivity lagged behind that of Korea and Taiwan Province of China. We argue that what characterizes their experience in contrast to Malaysia’s is the creation of technologies by domestic firms and a push to leapfrog to the technological frontier at an early stage of development.
Series:
Working Paper No. 2015/131
Subject:
Economic sectors Exports Income International trade Manufacturing National accounts Production Productivity Technology
English
Publication Date:
June 23, 2015
ISBN/ISSN:
9781513556017/1018-5941
Stock No:
WPIEA2015131
Pages:
27
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