Middle Income Trap

The middle income trap is when countries that have achieved middle-income status often experience a growth slowdown and a stagnation in the growth of real per capita incomes

[johansalim]

I am IB student writing my EE and I have to say your video saved me from writing a garbage essay. Thanks!!!

[lautaroparada]

Thank you very much; this was a great explanation. Do you consider a video update?

[TajiriOli]

Thank you ! I have my test about current challenges of east asian economies tomoorow, and maybe one of the topics will be China and the middle income trap, this video helped me alot!

[niccolobison]

could you please send me the link where you found the first graph (00:11). Thanks

[theperson]

It's not really a "trap" given how the "solution" boils down to redistributing wealth to boost internal consumption, issue is that the local economic elites that spawn from periods of rapid export-driven growth won't be too happy over that so solutions based on macro-economic redistribution tend to politically unfavorable by dominant institutions.

The whole concept of the Middle Income Trap better highlights the limits of developing countries trying to get rich solely off of export-driven globalisation more than anything else.

[oumaima]

is it still the case for china? or is it now becoming innovation oriented.