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Brazil, South Korea: Two Tales of Climbing an Income Ladder

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  • Otaviano Canuto

Abstract

The “middle income trap” may well characterize the experience of Brazil and most of Latin America since the 1980s. Conversely, South Korea maintained its pace of evolution, reaching a high-income status. Such divergence of economic growth can be related to their distinctive performances of domestic accumulation of technological and organizational capabilities. Their different approaches to global value chains and trade globalization reinforced such discrepancy in domestic accumulation processes.

Suggested Citation

  • Otaviano Canuto, 2020. "Brazil, South Korea: Two Tales of Climbing an Income Ladder," Policy briefs on Economic Trends and Policies 2038, Policy Center for the New South.
    • Handle: RePEc:ocp:pbecon:pb_20-70
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    File URL: https://www.policycenter.ma/sites/default/files/2021-01/PB_20-70_Canuto.pdf
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    References listed on IDEAS

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    2. Glenn-Marie Lange & Quentin Wodon & Kevin Carey, 2018. "The Changing Wealth of Nations 2018," World Bank Publications - Books, The World Bank Group, number 29001.
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    4. Agénor, Pierre-Richard & Canuto, Otaviano, 2015. "Middle-income growth traps," Research in Economics, Elsevier, vol. 69(4), pages 641-660.
    5. Indermit Gill & Homi Kharas, 2007. "An East Asian Renaissance : Ideas for Economic Growth," World Bank Publications - Books, The World Bank Group, number 6798.
    6. Canuto, Otaviano & Dutz, Mark & Reis, José Guilherme, 2010. "Technological Learning and Innovation: Climbing a Tall Ladder," World Bank - Economic Premise, The World Bank, issue 21, pages 1-8, July.
    7. Canuto, Otaviano, 1995. "Competition and endogenous technological change: an evolutionary model," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 49(1), January.
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    Cited by:

    1. Otaviano Canuto & Antonio Jorge Martins, 2024. "The Automotive Transition on the Road to Decarbonization," Policy briefs on Economic Trends and Policies 2428, Policy Center for the New South.

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