Abstract:Most studies suggest that China's economy is gradually moving into the "middle income trap" due to the economic slowdown, the demographic dividend subsiding, economic imbalances and weak manufacturing. But to think about the source of the middle-income trap proposition, there is a big limitation of the scope of its application. There is obvious expansion even "dogmatic" tendency in the understanding of the middle-income trap. Mechanical imitation to guide China's development will inevitably mislead decision-makers in judging the real macroeconomic situation. Middle-income trap hypothesis can be applied to our country? Our government seems to prevent the distribution of income trap and welfare catching-up trap.
Kharas, Homi, , China’s shift to a high-income country-Method to avoid middle-income trap, [J] in Chonggeng Lin and Andrew Michael Spence, eds, Long-Term Development and Transition of the Chinese Economy, Beijing: CITIC Publishing House, 2011:470-501
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Felipe, J., A. Abdon and U. Kumar, Tracking the Middle-income Trap: What is It, Who Is in It, and Why? [J], Levy Economics Institute of Bard College, Working Paper 2012,No. 715.
Woo,W.T,Understanding the Middle—Income Trap in Economic Development:The Case of Malaysia[J].World Economy Lecture delivered at the University of Nottingham ,Globalization and Economic Policy.2011:17-34