Economic Premise

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The Economic Premise series summarizes good practices and key policy findings on topics related to economic policy. They are produced by the Poverty Reduction and Economic Management (PREM) Network Vice-Presidency of the World Bank.

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    How to Avoid Middle-Income Traps?: Evidence from Malaysia
    (World Bank, Washington, DC, 2013-06) Flaaen, Aaron ; Ghani, Ejaz ; Mishra, Saurabh
    Malaysias structural transformation from low to middle income has made it one of the most prominent manufacturing exporters in the world. However, in the competitive global economy, like many other middle-income economies, it is sandwiched between low-wage economies on one side and more innovative advanced economies on the other. What can Malaysia do? Does Malaysia need a new growth strategy?