Breaking middle income traps in a post Covid-19 world: an introduction to the special issue

Abstract

This Special Issue of Nova Economia presents papers from the workshop "Development, Lock-Ins, Traps and Catch Up: India, China, South Africa, South Korea and Latin America" that took place at Universidade Federal de Minas Gerais (UFMG), Belo Horizonte, Minas Gerais, between 8 and 10 July 2019. This 2019 workshop was a continuation of another workshop: "Political Economy of The Middle Income Trap (MIT hereafter)", the 26th SJE International Symposium, that took place at the Seoul National University, 3 July 2018. The two workshops led to two special issues. The first appeared in the Seoul Journal of Economics, with five papers covering five countries: Thailand, Malaysia, Turkey, Mexico, and Brazil (Lee, 2019a). The second is the present Special Issue, with six papers covering four countries (South Africa, India, China, Brazil), one region (Latin America) and experiences of successful cases of catch up (especially South Korea).