Research Article
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Article title
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Abstract
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Keywords
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1. Introduction
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2. What is wrong with the middle-income trap: Policy failings are not new
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2.1. A brief look at the concept
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2.2. A critique of the trap part I: Where is the novelty
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2.3. Timing, timing
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2.4. What about institutions
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3. A most predictable trap
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3.1. India’s love-hate relationship with growth
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3.2. South Africa’s self-made trap
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3.3. Property rights: a transition to growth for Russia and the former Soviet Union
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4. Conclusions
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4.1. The fundamentals still matter
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4.2. Institutions are necessary… political and economic
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References