PELLEŠOVÁ, Pavlína. The middle income trap from the economic point of view. In VOMLELA L., RIEDEL R. a kolektiv autorů. SILESIA AND THE MIDDLE INCOME TRAP PROBLEM CZECH AND POLISH REGIONAL PERSPECTIVES. první. Opava: neuveden. p. 17-27. ISBN 978-80-7510-483-0. 2021.
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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
Original language English
Type of outcome Chapter(s) of a specialized book
Field of Study 50204 Business and management
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
Publication form printed version "print"
WWW URL
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
Changed by Changed by: Miroslava Snopková, učo 43819. Changed: 12/4/2022 13:47.
Abstract
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.
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