The Study on “Middle-Income Trap” and China’s Crossing Forecast: An International Comparative Analysis - Open Journal of Business and Management

OJBM > Vol.7 No.4, October 2019

The Study on “Middle-Income Trap” and China’s Crossing Forecast: An International Comparative Analysis ()

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DOI: 10.4236/ojbm.2019.74122 693 Downloads 2,062 Views

Author(s)

Han Zhao^1,2*, Huiqing Gao³, Lintao Ding^1,2

Affiliation(s)

¹Postdoctoral Workstation of China Construction Bank, Beijing, China.
²Postdoctoral Research Station of Renmin University of China, Beijing, China.
³School of Business, Zhengzhou University, Zhengzhou, China.

ABSTRACT

The issue of “middle income trap” has been widely discussed around the world, especially whether China can cross it. This paper first outlines the background of the problem and the division of income groups related to the World Bank, and then analyzes the success and failure cases of typical countries mainly using the method of experience and case analysis. Finally, this paper indicates the challenges and favorable factors for China’s entry into high-income countries, and predicts whether China can overcome this trap according to the World Bank standards.

KEYWORDS

Middle Income Trap, Economic Growth, International Comparative Analysis

Share and Cite:

Zhao, H. , Gao, H. and Ding, L. (2019) The Study on “Middle-Income Trap” and China’s Crossing Forecast: An International Comparative Analysis. Open Journal of Business and Management, 7, 1766-1778. doi: 10.4236/ojbm.2019.74122.

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