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Can Asia avoid the middle-income trap?

Posted by: Masa Serdarevic
First published:, 10/09/2012

The thesis that the Asian boom is past its best is not new, but when we come across a particularly well-argued note on the topic, we like to share.

We’ve already given you a snippet from George Magnus’ latest on the topic — with regards to the role of technology in this shift — but we’d like to present the extended argument too.

Essentially, Magnus argues that while the region will continue to grow at perfectly respectable rates, the prediction that that this will be smooth or in the double-digits, is misplaced. Why?….more