How to overcome the traps of economic growth

HUA Min1

(1.Institute of World Economy, Fudan University)

【Abstract】From the perspective of country comparison, this article analyzes the causes, consequences and countermeasures of three economic growth traps (Malthusian trap, middle-income trap and inter-generational poverty trap). On the basis of summing up international experience, the article explores how China can smoothly overcome the middle-income trap. It argues that only when it conducts institutional reform and land ownership reform and makes full use of its demographic advantage can China smoothly overcome the middle-income trap and become a high-income developed country.

【Keywords】 traps of economic growth; country experience; countermeasures of China;

【DOI】

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    Footnote

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This Article

ISSN:1007-0974

CN: 11-3799/F

Vol , No. 01, Pages 72-85+6

January 2018

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Article Outline

Abstract

  • Three traps of economic growth
  • How to get out of the “Malthusian trap”?
  • Why is the “middle-income trap” so hard to overcome
  • How to overcome the “middle-income trap”?
  • What kind of countries will fall into the “inter-generational poverty trap”?
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