Asia Pacific World
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.
Copyright © 2013 Berghahn Journals
Access to external full text or publisher's version may require subscription.
Accepted Author Manuscript
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