C 2021

The middle income trap from the economic point of view

PELLEŠOVÁ, Pavlína

Basic information

Original name

The middle income trap from the economic point of view

Authors

PELLEŠOVÁ, Pavlína (203 Czech Republic, guarantor, belonging to the institution)

Edition

první. Opava, SILESIA AND THE MIDDLE INCOME TRAP PROBLEM CZECH AND POLISH REGIONAL PERSPECTIVES, p. 17-27, 11 pp. 2021

Publisher

neuveden

Other information

Language

English

Type of outcome

Kapitola resp. kapitoly v odborné knize

Field of Study

50204 Business and management

Country of publisher

Czech Republic

Confidentiality degree

není předmětem státního či obchodního tajemství

Publication form

printed version "print"

References:

RIV identification code

RIV/47813059:19520/21:A0000250

Organization unit

School of Business Administration in Karvina

ISBN

978-80-7510-483-0

Keywords in English

middle income trap; low income; lower middle income; middle income; upper income; upper middle income; upper income

Tags

International impact, Reviewed
Změněno: 12/4/2022 13:47, Miroslava Snopková

Abstract

V originále

The middle income trap has recently become an issue. It is a theory that economists have been discussing especially in connection with slowly developing countries or countries with middle income. The middle income trap can be defined as an economic phenomenon when a country is not capable to make use of comparative advantages in form of labour demanding production and its economic growth stagnates. This economy thus remains in the doorway between poor countries with cheap labour and developed economies with high income. In its Transition Report 2017–2018, from 23 November 2017, the European Bank for Reconstruction and Development (EBRD) warned about the danger of the countries of Eastern and Middle Europe falling into the middle income trap. The middle income trap is a relatively frequent topic, for example the website patria.cz, in connection to the countries that managed to get among countries with middle income but have problems with further economic growth.