Chen, Xudong; Tian, Guoqiang - In: Frontiers of Economics in China 9 (2014) 3, pp. 347-369
The ¡°middle income trap¡± is a significant theoretical and practical issue closely related to the economic and social transition and sustainable development of a country. This paper explores the essence of the ¡°middle income trap¡± and ways to avoid it. It reveals that the inner nature...