Please use this identifier to cite or link to this item: http://arl.liuc.it/dspace/handle/2468/5883
Title: Structural change and mid-income trap: under which conditions can China succeed in moving towards higher income status?
Authors: Wagner, Helmut
Issue Date: 2015
Publisher: European Association for Comparative Economic Studies (EACES)
Università Carlo Cattaneo - LIUC
Bibliographic citation: Wagner Helmut (2015), Structural change and mid-income trap: under which conditions can China succeed in moving towards higher income status? In: The European Journal of Comparative Economics, vol. 12, n. 2, 2015, p. 165-188. E-ISSN 1824-2979.
Abstract: After two decades of very high economic growth rates, China has now reached the so-called mid-income range or 'trap', i.e. a development level where it has to expect slower economic growth rates (a 'New Normal') for the future. Associated with that is a structural change towards tertiarization which requires some fundamental rebalancing of China's economy. Overcoming this mid-income trap and further catching up to the most advanced countries in the world is a very demanding task. In order to succeed China has to efficiently manage the mentioned rebalancing (structural change) process towards tertiarization and to undertake many fundamental structural reforms.
URI: http://arl.liuc.it/dspace/handle/2468/5883
Journal/Book: The European journal of comparative economics
Appears in Collections:EJCE

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