World Development Report 2024 : The Middle-Income Trap
Book Details
Format
Hardback or Cased Book
Book Series
World Development Report
ISBN-10
146482097X
ISBN-13
9781464820977
Publisher
World Bank Publications
Imprint
World Bank Publications
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Oct 31st, 2024
Print length
300 Pages
Weight
1,116 grams
Dimensions
27.50 x 21.50 x 2.20 cms
Ksh 10,600.00
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A study reveals strategic principles that enable middle-income nations to evolve into high-income powerhouses. It introduces a balanced framework leveraging creative innovation, phasing out outdated practices, and retaining essential norms to accelerate economic progress and foster transformative change.
The Report identifies principles for growth to enable middle-income countries to transition to high-income, applying a framework that proposes how the forces of creation (from both entrants and incumbent firms), destruction (of outdated arrangements), and preservation (of existing norms and institutions) can be balanced to speed up progress.
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