Abstract

ALARCO TOSONI, Germán  and  CASTILLO GARCIA, César. Latin America in the middle-income trap or the growth slowdown. Anál. econ. [online]. 2018, vol.33, n.82, pp.5-29. ISSN 2448-6655.

This paper presents the explaining factors of the presence of the middle income trap (and slow economic growth trap). It also incorporates the criteria to measure whether any economy falls within those categories. Additionally, it evaluate a sample of 18 Latin American economies and the regional average between 1870 and 2014 under different methodologies for incorporated these in the tipology. It is concluded that most of the economies of the region and the whole are in the middle income trap or slow economic growth conditions and that the probability of reaching the status of high-income economy would be very reduced.

Keywords : economic growth; slowdown; Middle Income Trap; Latin America.