High-income trap
The high-income trap refers to the phenomenon of slower growth in most high-income, developed countries compared to lower-income countries.[1][2][3] Some economists argue that there is more evidence for a high-income trap than the middle-income trap.[4] Among the countries said to experience this trap are Taiwan[5] and Japan.[6]
References[edit]
- ^ Li, Yining; Cheng, Zhiqiang (13 July 2019). China’s Reform to Overleap the Middle-Income Trap. Springer. pp. xvi–xvii. ISBN 978-981-13-9222-1.
- ^ Hannum, Christopher M. (6 February 2024). "The middle income trap: look closer and you'll find it, but maybe not where you expected". Applied Economics Letters. 31 (3): 182–186. doi:10.1080/13504851.2022.2129566.
- ^ Eryılmaz, Filiz; Eryılmaz, Mehmet Eymen (October 2015). "A Discussion About the Possible Effect of Middle Income Trap on Large Scale Firms' Selection of Competitive Strategy". Procedia - Social and Behavioral Sciences. 207: 598–607. doi:10.1016/j.sbspro.2015.10.131.
- ^ Han, Xuehui; Wei, Shang-Jin (May 2017). "Re-examining the middle-income trap hypothesis (MITH): What to reject and what to revive?". Journal of International Money and Finance. 73: 41–61. doi:10.1016/j.jimonfin.2017.01.004.
- ^ Lin, Syaru Shirley (2021). "Taiwan in the high-income trap and its implications for cross-Strait relations". Taiwan's Economic and Diplomatic Challenges and Opportunities. Routledge. ISBN 978-1-003-09163-9.
- ^ Otsuka, Keijiro; Higuchi, Yuki; Sonobe, Tetsushi (December 2017). "Middle-income traps in East Asia: An inquiry into causes for slowdown in income growth". China Economic Review. 46: S3–S16. doi:10.1016/j.chieco.2017.02.002.