As everyone knows, the world has been “flattening” for the past three decades. This has opened the door for dozens of nations and billions of people to enter the global economy. What many do not realize is that this era is coming to an end.
Not that global integration is over, or even slowing down. Far from it. But the developing world has reached the end of its rapid path to rising G.D.P. and per capita income. Some call this the “middle-income trap” — the idea that it is a lot easier to go from a low-income to a middle-income economy than it is to jump to the next level.… Seguir leyendo »