Real Turkey video:  Middle Income Trap: Why few escape?

[embed]https://www.youtube.com/watch?v=CXecdG43Agg[/embed] Middle Income Trap:  Why few escape?  

• Definition: Real income per capita is used, but not a very accurate measurement stick...

 

• An economic curiosity: Why Developing Nations can’t close the gap with Developed Economies?

 

• Only few countries escaped the Middle Income Trap: Israel, South Korea and Taiwan

 

• The curse of demographics

 

• Inadequate savings and investment

 

• Education and technology production

 

• Democracy, democracy, democracy

 

• What about the next 20 years? The East shall remain the East, and the West shall...

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