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Structural Change and Mid-Income Trap – Under which conditions can China succeed in moving towards higher income status?

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  • Helmut Wagner
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    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.

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    File URL: http://eaces.liuc.it/18242979201502/182429792015120204.pdf
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    Article provided by Cattaneo University (LIUC) in its journal The European Journal of Comparative Economics.

    Volume (Year): 12 (2015)
    Issue (Month): 2 (December)
    Pages: 165-188

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    Handle: RePEc:liu:liucej:v:12:y:2015:i:2:p:165-188
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