For example, in 2021 the Federal Reserve began providing state member banks with supervisory reports on their third-party partners that are subject to supervision under the Bank Service Company Act. These reports contain information that may provide helpful insight in assessing the performance of bank service providers, depending on the services used and the risk the services pose.
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.