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Many economists warn that without policy reforms, the country may fall into the middle income trap and struggle to progress into a high-income economy.
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Many economists warn that without policy reforms, the country may fall into the middle income trap and struggle to progress into a high-income economy.
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Related words
middle income trap
Noun
Japanese Meaning
中所得の罠：ある国が一定の所得水準を達成した後、そのレベルから抜け出せず、高付加価値市場で他の先進国と競争できずに経済発展が停滞する現象。
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