Argentina, China and Malaysia Economic Model

Argentina is a South-American nation which has been home to an unprecedented period of sustained growth quintupling in size in the last decade. This nation has seen remarkable resilience through financial crises and even though it cycled through five presidents in two weeks its continued reinvestment in itself has paid off many times over as average incomes have doubled in the same time period to create fantastic increases in quality of life for all the citizens of the nation. At least it was the case a few years ago because as of late, unfortunately the economy of Argentina tells a very different story. Just as quickly as the economy soared to these lofty heights it has crashed back down. Whenever we see china in the news it's normally for some impressive statistic about building stuff or how it's now home to the most millionaires in the world or maybe it's even an article about whatever geopolitical tomfoolery they are pulling this week. But what is often forgotten amongst all of this is that behind the somewhat intimidating outward appearance of economic might and glistening skyscrapers china is an extremely poor country. Malaysia is an economy tipped to reach high income status by 2024. Historically a commodity exporter, Malaysia's economy is now a manufacturing hub though. How did Malaysia's economy get to this stage? Why has it been stuck in the middle income trap for so long? What could be the solution? To understand all of this and more, the author has made a conscious effort to make this read insightful and easy for economics enthusiasts and professionals.