Comments on “ Capability Failure and Industrial Policy to Move beyond the Middle-Income Trap: From Trade-based to Technology-based Specialization”

This paper looks at the question of economic development from the perspective of countries seeking to transition from middle to high income. The so-called middle-income country trap (that is, countries succeeding in growing to middle-income level but not being able to sustain that growth to become high income) provides the background and motivation to the paper.