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
Edition
první. Opava, SILESIA AND THE MIDDLE INCOME TRAP PROBLEM CZECH AND POLISH REGIONAL PERSPECTIVES, p. 17-27, 11 pp. 2021
Other information
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"
RIV identification code
RIV/47813059:19520/21:A0000250
Organization unit
School of Business Administration in Karvina
Keywords in English
middle income trap; low income; lower middle income; middle income; upper income; upper middle income; upper income
Tags
International impact, Reviewed
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.
Displayed: 27/12/2024 00:25