Development Issues and Challenges for Middle-Income Countries
Ministère de l'Economie et des Finances, direction des Etudes et des Prévisions Financières, Rabat.
Along with other 108 countries in the world, Morocco is currently classified by the World Bank as a middle-income country (MIC), an income category that accounts for five of the world’s seven billion people and 73 percent of the world’s poor people. This presentation will review the reasons why historically it is so difficult to graduate from this income category—over the last half century, only two countries were able to go through the low and middle-income categories to join the high income group. The discussion will focus on issues facing the MICs today and some concrete policy measures taken by the successful countries. Emphasis will be on practical recommendations for policy makers.
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Hinh T. Dinh
Hinh T. Dinh is currently a Senior Research Fellow at Indiana University and President and CEO, Economic Growth and Transformation, Inc. Previously he spent over 35 years working at the World Bank Group which he joined through its Young Professionals Program. He was a Lead Economist in the Office of the Senior Vice President and Chief Economist of the World Bank (2009-2014), the Africa Region (1998-2009), the Finance Complex (1991-1998), and the Middle East and North Africa Region (1978-1991). In these capacities, he provided managerial leadership to World Bank economists in the formulation of economic analysis and policy advice, including the evaluation of macroeconomic and structural policies for many countries in the world, from Asia to Latin America to Africa. He received a B.A. in economics, a B.S. in mathematics from the State University of New York, an M.A. in economics, an M.S. in industrial engineering, and a Ph.D. in economics from the University of Pittsburgh (1978). He has published widely in the fields of industrialization, fiscal management, and economic development of Africa. His latest books include Light Manufacturing in Africa (2012), Performance of Manufacturing Firms in Africa (2012), Light Manufacturing in Zambia (2013), Light Manufacturing in Tanzania (2013), Tales from the Development Frontier (2013) and Light Manufacturing in Vietnam (2013).