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Article
The middle-income trap : some Asian experiences and lessons
Asia Pacific World
  • Shalendra SHARMA, University of San Francisco
Document Type
Journal article
Publication Date
9-1-2013
Publisher
International Association for Asia Pacific Studies
Disciplines
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
Language
English
E-ISSN
20426151
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Copyright © 2013 Berghahn Journals

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Citation Information
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