TWO MANIFESTATIONS OF THE MIDDLE-INCOME TRAP IN EAST-CENTRAL EUROPE
The paper attempts to reinterpret the concept of the middle-income trap and develops the theory of participation and self-effort. On this basis, the paper distinguishes two different types of middle-income traps. The exclusion trap, which is the result of a one-sided focus on the self-effort, and th...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Nicolae Titulescu University
2024-12-01
|
| Series: | Global Economic Observer |
| Subjects: | |
| Online Access: | http://www.globeco.ro/wp-content/uploads/vol/split/vol_12_no_2/geo_2024_vol12_no2_art_002.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1849389962672209920 |
|---|---|
| author | TAMÁS TIBOR CSONTOS |
| author_facet | TAMÁS TIBOR CSONTOS |
| author_sort | TAMÁS TIBOR CSONTOS |
| collection | DOAJ |
| description | The paper attempts to reinterpret the concept of the middle-income trap and develops the theory of participation and self-effort. On this basis, the paper distinguishes two different types of middle-income traps. The exclusion trap, which is the result of a one-sided focus on the self-effort, and the vulnerability trap, which is the result of a one-sided focus on participation. The model argues that catching-up can be achieved when the participation and the self-effort are in harmony. The paper also uses this approach to analyse the middle-income trap in East-Central European countries, demonstrating the empirical validity of the theory. It associates socialist planned economies with the exclusion trap, while identifying the dependent market economy model that emerged after regime change with the vulnerability trap. |
| format | Article |
| id | doaj-art-3d5f0fadca284d03a1c31616c3afd96b |
| institution | Kabale University |
| issn | 2343-9742 2343-9750 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Nicolae Titulescu University |
| record_format | Article |
| series | Global Economic Observer |
| spelling | doaj-art-3d5f0fadca284d03a1c31616c3afd96b2025-08-20T03:41:48ZengNicolae Titulescu UniversityGlobal Economic Observer2343-97422343-97502024-12-011221524TWO MANIFESTATIONS OF THE MIDDLE-INCOME TRAP IN EAST-CENTRAL EUROPETAMÁS TIBOR CSONTOS0Institute of World Economics Centre for Economic and Regional Studies 1097 Budapest, Tóth Kálmán u. 4., HUNGARY, csontos.tamas@krtk.huThe paper attempts to reinterpret the concept of the middle-income trap and develops the theory of participation and self-effort. On this basis, the paper distinguishes two different types of middle-income traps. The exclusion trap, which is the result of a one-sided focus on the self-effort, and the vulnerability trap, which is the result of a one-sided focus on participation. The model argues that catching-up can be achieved when the participation and the self-effort are in harmony. The paper also uses this approach to analyse the middle-income trap in East-Central European countries, demonstrating the empirical validity of the theory. It associates socialist planned economies with the exclusion trap, while identifying the dependent market economy model that emerged after regime change with the vulnerability trap.http://www.globeco.ro/wp-content/uploads/vol/split/vol_12_no_2/geo_2024_vol12_no2_art_002.pdfmiddle-income trapeast-central europedependent market economy |
| spellingShingle | TAMÁS TIBOR CSONTOS TWO MANIFESTATIONS OF THE MIDDLE-INCOME TRAP IN EAST-CENTRAL EUROPE Global Economic Observer middle-income trap east-central europe dependent market economy |
| title | TWO MANIFESTATIONS OF THE MIDDLE-INCOME TRAP IN EAST-CENTRAL EUROPE |
| title_full | TWO MANIFESTATIONS OF THE MIDDLE-INCOME TRAP IN EAST-CENTRAL EUROPE |
| title_fullStr | TWO MANIFESTATIONS OF THE MIDDLE-INCOME TRAP IN EAST-CENTRAL EUROPE |
| title_full_unstemmed | TWO MANIFESTATIONS OF THE MIDDLE-INCOME TRAP IN EAST-CENTRAL EUROPE |
| title_short | TWO MANIFESTATIONS OF THE MIDDLE-INCOME TRAP IN EAST-CENTRAL EUROPE |
| title_sort | two manifestations of the middle income trap in east central europe |
| topic | middle-income trap east-central europe dependent market economy |
| url | http://www.globeco.ro/wp-content/uploads/vol/split/vol_12_no_2/geo_2024_vol12_no2_art_002.pdf |
| work_keys_str_mv | AT tamastiborcsontos twomanifestationsofthemiddleincometrapineastcentraleurope |