How to overcome the traps of economic growth
【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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ISSN:1007-0974
CN: 11-3799/F
Vol , No. 01, Pages 72-85+6
January 2018
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