The middle income trap is an economic development situation in which a country that attains a certain income (due to given advantages) gets stuck at that level.[1] The term was introduced by the World Bank in 2007 who defined it 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.[2]
^Graphic detail Charts, maps and infographics (2011-12-22). "Asias Middle Income Trap". Economist.com. Retrieved 2014-08-11.
^"The middle-income trap turns ten". World Bank. 26 August 2015. Retrieved 9 March 2021.
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The middleincometrap is an economic development situation in which a country that attains a certain income (due to given advantages) gets stuck at that...
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Economic Journal Vol.53 R Nelson, 1956: A Theory of the Low-Level Equilibrium Trap in Underdeveloped Economies. American Economic Review Vol. 46(5), pp. 894–908...
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economics Computational economics Game theory Operations research Middleincometrap Industrial complex By application Agricultural Behavioral Business...
economics Computational economics Game theory Operations research Middleincometrap Industrial complex By application Agricultural Behavioral Business...
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Rapid GDP and income growth continued until 2013. The most important topic of discussion in the economy for a decade was the middle-incometrap. In 2013,...
economics Computational economics Game theory Operations research Middleincometrap Industrial complex By application Agricultural Behavioral Business...
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particular costs can easily be identified under the expenses of a firm's income statement and balance sheet to represent all the cash outflows of a firm...
(economics) – Incentive – Income – Income effect – Income elasticity of demand (YED) – Income inequality metrics – Income tax – Independent goods – Indifference...
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economics Computational economics Game theory Operations research Middleincometrap Industrial complex By application Agricultural Behavioral Business...
related to development economics Policies dealing with the redistribution of income, property and/or wealth As well as: regulatory policy, anti-trust policy...
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