I have been thinking quite a bit about China and its confrontation with the middle income trap. As I have said in a recent post, it isn’t at all clear whether China will be able to avoid the middle income trap – the phenomenon that economic growth starts to fall rapidly in some countries once they reach GDP per capita levels somewhere around $10,000 to $15,000.
Avoiding the middle income trap in China
Avoiding the middle income trap in China
Avoiding the middle income trap in China
I have been thinking quite a bit about China and its confrontation with the middle income trap. As I have said in a recent post, it isn’t at all clear whether China will be able to avoid the middle income trap – the phenomenon that economic growth starts to fall rapidly in some countries once they reach GDP per capita levels somewhere around $10,000 to $15,000.