Trapped in the Middle? Developmental Challenges for Middle-Income Countries

There is growing evidence that overcoming the low-income threshold and reaching middle-income status is not sufficient for countries to converge toward high-income levels. Few middle-income countries have successfully completed that transit in recent decades, with the majority remaining in the middle-income group, and so facing what has come to be called "the middle-income trap". It is therefore essential to explore whether middle-income traps really exist and, if they do, how these pitfalls are manifested, what their causes are, what economic policy measures are required to escape from them, and what international cooperation can do to support this process. Trapped in the Middle? brings together diverse perspectives on these important questions, providing new evidence and analytical approaches to enrich the debate on the domestic and international challenges faced by a significant number of middle-income countries, in which over three-quarters of the global population live.

José Antonio Alonso, Professor of Applied Economics, Universidad Complutense de Madrid,José Antonio Ocampo, Professor of Professional Practice in International and Public Affairs, Columbia University

José Antonio Alonso is Professor of Applied Economics at the Universidad Complutense de Madrid. Previously, he was Adjunct Professor at the Columbia University (SIPA), General Director of Economic Cooperation at the Instituto de Cooperación Iberoamericana, vice-chancellor at Universidad Internacional Menendez Pelayo, and director of the Instituto Complutense de Estudios Internacionales (ICEI). He was member of the High-Level Group of Wise Persons on the European Financial Architecture for Development (2019), member of the Committee for Development Policy (UN ECOSOC) from 2007 to 2018, and member of the European Advisory Group of the Bill and Melinda Gates Foundation from 2012 to 2014. He is a member of the Consejo de Cooperación para el Desarrollo (Spain). His has published research on growth and development, international economic relations, and financing for development.

José Antonio Ocampo is Professor at the School of International and Public Affairs, Member of the Committee on Global Thought, and Co-President of the Initiative for Policy Dialogue at Columbia University. He is also the Chair of the Committee for Development Policy, an expert committee of the United Nations Economic and Social Council (ECOSOC). Ocampo has previously served in a number of positions in the United Nations and the Government of Colombia. most notably as United Nations Under-Secretary General for Economic and Social Affairs. He has published extensively on macroeconomic theory and policy, international financial issues, economic and social development, international trade, and Colombia and Latin American economic history.

1. Economic traps and progress in Middle-Income Countries: An Introduction, José Antonio Alonso and José Antonio Ocampo
2. Growth strategies to avoid the Middle-Income Traps, Homi Kharas and Indermit Gill
3. Innovation and the three detours for economic growth beyond the middle-income stage, Keun Lee
4. Is there an institutional trap in MICs?, José Antonio Alonso
5. Centripetal politics and institutional building in existing the middle-income traps, Richard Doner and Ben Ros Schneider
6. Citizen?s raising expectations: A call to rebuild the social contract, Mario Pezzini
7. Is there new capacity for redistribution to end poverty in MICs?, Christopher Hoy and Andy Sumner
8. Promoting universal social policy in MICs, Juliana Martínez Franzoni and Diego Sánchez-Ancochea
9. Employment and labour markets in MICs: How to cope with technological change and global challenges, Rolph Van Der Hoeven
10. Should middle-income countries implement environmental policies?, Emilio Padilla
11. National development finance in middle-income countries: The role of national development banks, Stephany Griffith-Jones
12. Middle-income countries and Multilateral Development Banks: Traps on the way to graduation, Otaviano Canuto, Matheus Cavallari and Tiago Ribeiro dos Santos
13. The disruptive role of MICs in the development cooperation system: Providers and recipients, José Antonio Alonso and Jonathan Glennie
14. Global value chains, Preferential Trade and the middle-income trap, Renato Baumann
15. Middle-income countries and the international monetary system, José Antonio Ocampo