Shaojie Zhou, Angang Hu
Abstract
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Abstract Whether a country can overcome the “middle income trap” is a test of its governance capability. The above comparative analysis of the practices in various countries shows that tackling the “middle income trap” is only possible when certain conditions are met, which may be summarized as follows.
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Abstract Whether a country can overcome the “middle income trap” is a test of its governance capability. The above comparative analysis of the practices in various countries shows that tackling the “middle income trap” is only possible when certain conditions are met, which may be summarized as follows.
Key concepts: Middle income trap, Trap (plumbing), China, Low and middle income countries, Middle income, Economics, Development economics, Demographic economics