Document Type

Journal article

Source Publication

Asia Pacific World

Publication Date

9-1-2013

Volume

4

Issue

2

First Page

19

Last Page

28

Abstract

What explains why only a handful of countries which have attained middle-income level have subsequently been successful in attaining income convergence with high-income countries, while most of their peers falter? The problem most face has been labelled as the “Middle-Income Trap.” How, precisely, does the trap impact once-promising economies, and can China, the world’s second largest economy, escape the trap? Are there examples China can emulate? The following pages elucidate these issues.

DOI

10.3167/apw.2013.040203

Print ISSN

20426143

E-ISSN

20426151

Publisher Statement

Copyright © 2013 Berghahn Journals

Access to external full text or publisher's version may require subscription.

Full-text Version

Accepted Author Manuscript

Recommended Citation

Sharma, S. D. (2013). The middle-income tap: Some Asian experiences and lessons. Asia Pacific World, 4(2), 19-28. doi: 10.3167/apw.2013.040203