Autore
Wagner, Hemult

Titolo
Structural change and mid-income trap – under which conditions can China succeed in moving towards higher income status?
Periodico
European Journal of Comparative Economics
Anno: 2015 - Volume: 12 - Fascicolo: 2 - Pagina iniziale: 165 - Pagina finale: 188

After two decades of very high economic growth rates, China has now reached the so-called mid-income range or 'trap', i.e. a development level where it has to expect slower economic growth rates (a 'New Normal') for the future. Associated with that is a structural change towards tertiarization which requires some fundamental rebalancing of China's economy. Overcoming this mid-income trap and further catching up to the most advanced countries in the world is a very demanding task. In order to succeed China has to efficiently manage the mentioned rebalancing (structural change) process towards tertiarization and to undertake many fundamental structural reforms.



SICI: 1824-2979(2015)12:2<165:SCAMT–>2.0.ZU;2-P
Testo completo: http://eaces.liuc.it/default.asp?tipo=articles&identifier=ejce:18242979/2015/02/04

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