Which emerging markets can avoid 'middle income trap' and top growth tables?

China and the Czech Republic well placed

China is one of the emerging markets set to continue its sustained rapid growth over the next decade despite its recent downgrade by Moody's, according to research conducted by Oxford Economics.

The report, Research Briefing - Emerging Markets, suggested emerging countries such as China and the Czech Republic were set to avoid the middle income trap, which it classes as the biggest risk to EM economies. Its survey of the largest 21 emerging countries looked at the key structural factors which helped explain the huge divergence in growth across EMs between 1992 and 2016; a sizeable manufacturing sector, export-orientation, and the mastering of technology, evidenced by research and development (R&D) and innovation. China: Are there reasons to be optimistic despite debt burden a...