Until relatively recently, countries’ so-called middle-income transitions were largely ignored – in part because what was supposed to be a transition often became a trap. A few economies in Asia – particularly Japan, South Korea, and Taiwan – sailed through to high-income status with relatively high growth rates. But the vast majority of economies slowed down or stopped growing altogether in per capita terms after entering the middle-income range.
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The Townhall.com Daily Commentary brings concise yet penetrating insight from some of the sharpest minds in the conservative world today: reporter and author David Aikman, Weekly Standard publisher, Terry Eastland, and Salem talk radio hosts Hugh Hewitt, Michael Medved, Albert Mohler. .03/27/2014 9:10:20AM EST.