What does middle income trap mean?
Definitions for middle income trap
mid·dle in·come trap
This dictionary definitions page includes all the possible meanings, example usage and translations of the word middle income trap.
Wikipedia
Middle income trap
The middle income trap is a theoretical economic development situation, in which a country that attains a certain income (due to given advantages) gets stuck at that level. The World Bank defines as the 'middle-income range' countries with gross national product per capita that has remained between $1,000 to $12,000 at constant (2011) prices.
Numerology
Chaldean Numerology
The numerical value of middle income trap in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of middle income trap in Pythagorean Numerology is: 8
Examples of middle income trap in a Sentence
In order to defuse problems and risks, avoid falling into the 'middle income trap', and achieve modernization, China must rely on development, and development requires an appropriate growth rate, at the same time, China's economic development has entered a 'new normal'.
In order to defuse problems and risks, avoid falling into the 'middle income trap', and achieve modernization, China must rely on development and development requires an appropriate growth rate, at the same time, China's economic development has entered a 'new normal'.
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"middle income trap." Definitions.net. STANDS4 LLC, 2024. Web. 28 Apr. 2024. <https://www.definitions.net/definition/middle+income+trap>.
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