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Managing the Middle-Income Transition

Editor

Listed:
  • Juhzon Zhuang
  • Paul Vandenberg
  • Yiping Huang

Abstract

The growth model of the People’s Republic of China has been based on high investments, exports, low-cost advantage, and government interventions. This model has successfully transformed the country from a low-income to an upper middle-income economy. However, the model has generated contradictions that could undermine future growth. Making the transition to high income requires greater reliance on efficiency and productivity improvement, innovation, and market competition. This book examines the challenges faced by the People’s Republic of China in sustaining robust growth, and policy options for making a successful transition to a high-income economy to avoid getting caught in the middle-income trap.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • Juhzon Zhuang & Paul Vandenberg & Yiping Huang (ed.), 2015. "Managing the Middle-Income Transition," Books, Edward Elgar Publishing, number 15913.
    • Handle: RePEc:elg:eebook:15913
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    Cited by:

    1. Juzhong Zhuang & Shi Li, 2016. "Understanding the Recent Trend of Income Inequality in China," Working Papers 196, Department of Economics, SOAS University of London, UK.

    Book Chapters

    The following chapters of this book are listed in IDEAS

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