World Development Report 2024

The Middle-Income Trap

By:

The World Bank

Format:

Paperback / softback

Series:

World Development Report

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Availability

This product will be released on 1st May, 2024

Delivering to:

It should arrive:

8-15 May using International Courier

Description

The Report identifies principles for growth to enable middle-income countries to transition to high-income, applying a framework that proposes how the forces of creation (from both entrants and incumbent firms), destruction (of outdated arrangements), and preservation (of existing norms and institutions) can be balanced to speed up progress.

Author Biography:

The World Bank came into formal existence in 1945 following the international ratification of the Bretton Woods agreements. It is a vital source of financial and technical assistance to developing countries around the world. The organization's activities are focused on education, health, agriculture and rural development, environmental protection, establishing and enforcing regulations, infrastructure development, governance and legal institutions development. The World Bank is made up of two unique development institutions owned by its 185 Member Countries. The International Bank for Reconstruction and Development (IBRD) focuses on middle income and creditworthy poor countries and the International Development Association (IDA), which focuses on the poorest countries in the world.

Release date Australia

May 1st, 2024

Author