
Economic Growth in Middle-Income Countries
A Theoretical and Empirical Approach to Development in Turbulent Times
Manuel Agosin(Author)
Routledge (Publisher)
1st Edition
Published on 6. May 2025
Book
Paperback/Softback
309 pages
978-1-032-36605-0 (ISBN)
Description
This book develops a theoretical framework unlike the conventional neoclassical paradigm for the analysis of growth and deploys analytical data to understand the main policy issues affecting developing countries, with particular attention to countries which, after having a spurt of growth, have been unable to maintain the momentum of their economies. One of the guiding ideas of the book is that each one of these countries has its own middle-income trap. The book focuses the discussion on growth and development around the specific characteristics of these countries and the constraints they face to achieve rapid growth.
The book offers the building blocks for an integrated approach to development economics from the perspective of developing economies themselves. It looks at real-life constraints to growth and development, such as institutions, access to financing, macroeconomic policies, the role of foreign direct investment, the pros and cons of trade and financial opening to the rest of the world, education and health issues, sustainable development in a world experiencing global warming, productive development policies, income distribution, and poverty. Further, it offers simple growth models that go beyond the conventional neoclassical model to help the reader understand the unique challenges facing developing countries. While recognizing that growth is necessary to achieve development, the book argues that there are other variables that can be just as important to wellbeing and pays close attention to issues such as health, education, and political freedom.
The book summarizes the issues that are crucial for countries to be able to accelerate their growth rates and to achieve development and makes a theoretical contribution to the study of economic development, particularly growth models appropriate to middle-income countries. Thus, it will be a useful guide for researchers and academics in the field of development economics and other social sciences dealing with developing countries.
The book offers the building blocks for an integrated approach to development economics from the perspective of developing economies themselves. It looks at real-life constraints to growth and development, such as institutions, access to financing, macroeconomic policies, the role of foreign direct investment, the pros and cons of trade and financial opening to the rest of the world, education and health issues, sustainable development in a world experiencing global warming, productive development policies, income distribution, and poverty. Further, it offers simple growth models that go beyond the conventional neoclassical model to help the reader understand the unique challenges facing developing countries. While recognizing that growth is necessary to achieve development, the book argues that there are other variables that can be just as important to wellbeing and pays close attention to issues such as health, education, and political freedom.
The book summarizes the issues that are crucial for countries to be able to accelerate their growth rates and to achieve development and makes a theoretical contribution to the study of economic development, particularly growth models appropriate to middle-income countries. Thus, it will be a useful guide for researchers and academics in the field of development economics and other social sciences dealing with developing countries.
More details
Series
Language
English
Place of publication
London
United Kingdom
Publishing group
Taylor & Francis Ltd
Target group
College/higher education
Postgraduate
Illustrations
33 s/w Abbildungen, 33 s/w Zeichnungen, 46 s/w Tabellen
46 Tables, black and white; 33 Line drawings, black and white; 33 Illustrations, black and white
Dimensions
Height: 234 mm
Width: 156 mm
Thickness: 18 mm
Weight
500 gr
ISBN-13
978-1-032-36605-0 (9781032366050)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions

Manuel Agosin
Economic Growth in Middle-Income Countries
A Theoretical and Empirical Approach to Development in Turbulent Times
Book
10/2023
1st Edition
Routledge
€196.80
Shipment within 10-20 days

Manuel Agosin
Economic Growth in Middle-Income Countries
A Theoretical and Empirical Approach to Development in Turbulent Times
E-Book
10/2023
1st Edition
Routledge
€60.49
Available for download

Manuel Agosin
Economic Growth in Middle-Income Countries
A Theoretical and Empirical Approach to Development in Turbulent Times
E-Book
10/2023
1st Edition
Routledge
€60.49
Available for download
Person
Manuel Agosin is a Professor in the Faculty of Economics and Business, University of Chile, Santiago, Chile.
Content
1. Economic development: The central issue of our times 2. Growth, distribution, and human development: An assessment 3. Growth models for developing countries 4. The role of institutions 5. Investment, saving, and capital market development 6. Macroeconomic policies for development 7. The role of foreign capital 8. Industrial policies for the 21st century 9. Uneven development