Risk and Avoidance: A Comparative Study of the Middle-income Trap in China, Malaysia and South Korea
DOI:
https://doi.org/10.11113/jt.v64.2277Keywords:
Middle-income trap, China, Malaysia, Republic of KoreaAbstract
By comparing the practice of how Malaysia and Korea solving the middle-income trap, this paper analyses the Chinese economic condition and development trends; discusses how should China face the pending problems; and finally provides suggestions on avoiding the middle-income trap and successfully confronting this challenge.
References
World Bank and the Development Research Center of the State Council of the People‘s Republic of China (DRC). 2012. China 2030: Building a Modern, Harmonious, and Creative High-Income Society. Washington DC: World Bank.
Yusuf, Shahid and Kaoru Nabeshima. 2008. Knowledge Deepening and Industrial Change in Malaysia. Processed.
Seoghoon Kang. 2001. Globalization and inequality in Korea:an overview. Organised by the OECD Development Centre, December 2001, Paris.
Hong Doo-Seung, Kim Byung-Jo, Jo Dong-Gi. 1999. Occupational Structure in Korea. Seoul University Press．
Kharas Homi, Geoffrey Gertz. 2010. The New Global Middle Class:A Cross-Over from West to East. In Cheng Li,ed.China’s Emerging Middle Class: Beyond Economic Transformation, Washington, DC: Brookings Institution Press, 2010.
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