The "Middle Income Trap" in Economic Growth in Different Economies  

The "Middle Income Trap" in Economic Growth in Different Economies

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作  者:Zou Wei Nan Yu 邹薇;楠玉(School of Economics and Management,Wuhan University,Wuhan,China;Institute of Economics,Chinese Academy of Social Sciences,Beijing,China)

机构地区:[1]School of Economtcs and Management, Wuhan University, Wuhan , Chin [2]Institute of Economics, Chinese Academy of Social Sciences, Beijing, China

出  处:《China Economist》2017年第3期53-63,共11页中国经济学人(英文版)

摘  要:Nowadays, more than 50% of the world population live in middle-income economies. Economies in the middle-income development stage are confronted with a number of challenges, such as economic restructuring, industrial upgrade and income growth. Therefore, academia around the worm have paid much attention to theoretical and empirical researches of the "middle income trap" and long-term trends of global economic growth. Based on analyses about the long-term growth path of the world economy and the characteristics of different stages of economic development, this paper defines the"middle income trap" and its characteristics and examines, through a large number of cases from different economies, the reasons why "growth slowdown" arises during the middle-income development stage. These theoretic and empirical researches have reference value and heuristic meaning for China to actively respond to the challenges of the "middle income trap".Nowadays,more than 50%of the world population live in middle-income economies.Economies in the middle-income development stage are confronted with a number of challenges,such as economic restructuring,industrial upgrade and income growth.Therefore,academia around the world have paid much attention to theoretical and empirical researches of the "middle income trap " and long-term trends of global economic growth.Based on analyses about the long-term growth path of the world economy and the characteristics of different stages of economic development,this paper defines the "middle income trap" and its characteristics and examines,through a large number of cases from different economies,the reasons why "growth slowdown " arises during the middle-income development stage.These theoretic and empirical researches have reference value and heuristic meaning for China to actively respond to the challenges of the "middle income trap ".

关 键 词:"middle income trap '" middle-income development stage growth slowdown JEL Classification: F11 

分 类 号:F113.8[经济管理—国际贸易]

 

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