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July 2018

How Can MENA Escape the Middle-Income Trap?

Ferid Belhaj's picture
Also available in: Français | العربية

 
For developing countries, achieving middle-income status is both a blessing and a curse. While extreme poverty and deprivation have been overcome, what typically follows is a growth slowdown that, historically, has made further progress toward high-income levels exceedingly rare. That has certainly been the case for the largely middle-income countries of the Middle East and North Africa (MENA). But is there a way out?