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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.

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  • Otaviano Canuto, 2020. "Brazil, South Korea: Two Tales of Climbing an Income Ladder," Policy briefs on Trade Dynamics and Policies 2005, Policy Center for the New South.
    • Handle: RePEc:ocp:pbtrad:pb_20-70
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    References listed on IDEAS

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    1. Aiyar, Shekhar & Duval, Romain & Puy, Damien & Wu, Yiqun & Zhang, Longmei, 2018. "Growth slowdowns and the middle-income trap," Japan and the World Economy, Elsevier, vol. 48(C), pages 22-37.
    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.
    3. Agénor, Pierre-Richard & Canuto, Otaviano, 2015. "Middle-income growth traps," Research in Economics, Elsevier, vol. 69(4), pages 641-660.
    4. Homi Kharas & Indermit Gill, 2007. "An East Asian Renaissance : Ideas for Economic Growth," World Bank Publications - Books, The World Bank Group, number 6798.
    5. 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.
    6. 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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    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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