Global competitiveness divide and the middle-income-trap an empirical analysis /
In recent times, the middle-income trap (MIT) has become a pertinent issue as economists, researchers and development practitioners continue seek answers to why the majority of middle-income countries find it difficult to advance to high-income status. There is still no consensus in literature as to...
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| Dokumentumtípus: | Könyv része |
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2020
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| Sorozat: | The Challenges of Analyzing Social and Economic Processes in the 21st Century
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| Kulcsszavak: | Gazdasági növekedés, Versenyképesség |
| Tárgyszavak: | |
| doi: | 10.14232/casep21c.7 |
| Online Access: | http://acta.bibl.u-szeged.hu/72030 |
| Tartalmi kivonat: | In recent times, the middle-income trap (MIT) has become a pertinent issue as economists, researchers and development practitioners continue seek answers to why the majority of middle-income countries find it difficult to advance to high-income status. There is still no consensus in literature as to the exact cause(s) and the solution to the MIT. The World Economic Forum posits that, the score of countries on the Global Competitive Index (GCI) 4.0 accounts for over 80% of the variation in income levels of countries. This suggests that the extent of global competitiveness of countries could potentially help them to escape the MIT. However, some competitiveness literature have identified an apparent competitiveness divide among countries. This paper therefore seeks to answer the following questions: how does middle-income countries differ from the high-income countries in terms of global competitiveness. The study utilises an independent samples t-test and effect size measures to examine the GCI 4.0 scores of 140 countries. The study finds a very large and significant competitiveness divide between the high and middle-income countries ( |
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| Terjedelem/Fizikai jellemzők: | 99-111 |