Middle income trap

Noun

Definitions

1.NounThe situation where a country that attains a certain income gets stuck at that level, being unable to compete with other more developed economies in the high-value-added market. .mw-parser-output .defdate{font-size:smaller}

Synonyms

middle-income trap liquidity trap dual economy midmarket emerging market permanent income hypothesis poverty line income group snob effect overheating developing country budget constraint

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