Abstract:Before a backward country fall into the development trap, its per capita nominal GDP growth rate (US Dollars) tends to be bigger than its real per capita GDP growth rate(national currency). Actually, this phenomenon means the relative cost of the backward country is increasing and the relative competitiveness is declining in the international market. So the market share home and abroad decreasing because of other countries which enjoy low cost; the rapid increasing per capita nominal GDP(US Dollars) leads to the highly demand for life quality and then a large amount of effective demand will transfer to the developed countries. In enterprise budget perspective, all above means increasing cost and decreasing income; in the macro view, all above means foreign trade deficit is increasing and foreign exchange reserves is decreasing. Then the backward country will fall into the development trap. According to these, China is going to fall into the trap.
杨文进;沈亦君. “发展陷阱”的形成原因分析——兼论中国经济落入发展陷阱的必然性[J]. , 2012, 1(5): 45-53.
YANG Wen jing;SHEN Yi jun. A Discussion on the Formation Mechanism of Development Trap——also a discussion on the inevitability of China falling into the development trap. , 2012, 1(5): 45-53.