Mind the Middle Income Trap!

LSE, April 26, 2018




Panel 1, Transformations and Reversals: István P. Székely

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Public Lecture



LSE IGA, together with LSE Latin America and Caribbean Centre (LACC), Inter-American Development Bank (IDB), European Bank for Reconstruction and Development (EBRD) and the Centre for Economic Policy Research (CEPR) organised a joint workshop and a public event on "Mind the Middle Income Trap!", focussing on the political economy/social aspects of middle income transition and the risks of reversals.

The emerging world is facing the massive dual challenge of transforming itself into advanced ecnomies in a sustainable way and adjusting to technological change and the increasingly binding environmental and social constraints. Academic work has been underway in a joint policy research initiative titled "Avoiding the Middle Income Trap."

This workshop presented new research results in the areas of regional patterns of reform; risks of reform reversals, and global investment and their local enablers at the regional and city level and financing channels.

The research stream is now part of the INET's new Global Economic Transformation Commission chaired by Nobel Laureates Michael Spence and Joseph Stiglitz.

Following the workshop a public panel presentation took place with some of the speakers. The event was open to the public and recorded.

Click here for podcast


13:00 – 13:50

Light Lunch

13:50 – 14:00

Welcome by Erik Berglöf, Economics Department & Director, LSE IGA

14:00 - 15:30

Session 1: Transformations and Reversals


- István P. Székely, EU Commission: Reform Reversal in Former   Economies of the European Union (view presentation)

- Andrew Powell, IDB: A Mandate to Grow- Growth Challenged in Latin America and the Caribbean (view presentation)

- Alexander Plekhanov, EBRD, Political Economy of Middle Income Transitions (view presentation)


- Gareth Jones, LSE LACC

- Elina Ribakova, Deutsche Bank

15:30 – 17:00

Session 2: Investment and finance innovations


- Riccardo Crescenzi, LSE (via Skype live): Foreign Investment and Innovative Regions and Cities

- Cagatay Bircan, EBRD: Firm Dynamics, Productivity and Innovation (view presentation)


- Erik Berglöf, LSE IGA



LSE Evening Lecture Panel (open to public and journalists)

18:30 – 20:00

Chair: Erik Berglöf, LSE

Panellists: Andrew Powell, IDB; Ralph de Haas (view presentation), EBRD; Gareth Jones, LSE

Panel 1, Transformations and Reversals: Andrew Powell
A Plekhanov
Panel 1, Transformations and Reversals: Alexander Plekhanov
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Public Lecture