Comparative country studies and experiences suggest that deliberate promotion of large-scale industries and dedicated implementation  of  industrialisation  policies  would  be  instrumental to successful escape from the middle-income trap and transition to high-income status.
Having said that, however, it should be clear to both the general public and those affected by regulation that this is not a case of watering down measures once they have been adopted. Rather, it is matter of taking due account of systemic aspects of regulation so as to avoid possible unwanted consequences. 5.