INSEAD MBA Masterclass and Information Session in Tel Aviv
Masterclass Topic – Economic Development and the Middle Income Trap
The rapid ascent of several Asian economies and other emerging markets around the world has prompted questions about the sustainability of growth in these countries. Will China and India continue to grow and reach the US and Western Europe? Will Vietnam, Indonesia, Turkey or Nigeria follow the same growth trajectory? Do these changes represent a permanent shift in the economic landscape or are they just transitory spurts of growth that will be annihilated soon by rising inflation, trade wars or another round of currency crises? The session will place these trends within a framework for understanding economic development in order to evaluate the sustainability of growth in emerging markets. Historically, the majority of developing countries have shown disappointing economic performance and only in the past 15 years their growth has become consistent with convergence to the advanced economies. More specifically, development of many “rising stars” in the past has suddenly stopped when they reached middle income levels. What is behind the hurdle of middle income? Why do some countries overcome this hurdle while others stagnate? We will discuss a range of risk factors that in the past have derailed countries from their growth path.
Ilian Mihov is the Dean of INSEAD, Professor of Economics, The Novartis Chaired Professor of Management and Environment.
When: November 11, 2014, 6:00 pm to 10:00 pm
Where: Google, Electra Tower, Yigal Alon 98, Tel Aviv