Name: Middle-Income Trap: An Analysis Based on Economic Transformations and Social Governance (en Inglés)
Price: 2718.27 MXN
Availability: InStock
Author: Matthews, Maragret
ISBN: 9781647266387

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portada Middle-Income Trap: An Analysis Based on Economic Transformations and Social Governance (en Inglés)

Formato

Libro Físico

Ilustrado por

Maragret Matthews

Editorial

Clanrye International

Autor

Matthews, Maragret

Idioma

Inglés

N° páginas

219

Encuadernación

Tapa Dura

Dimensiones

22.9 x 15.2 x 1.4 cm

Peso

0.46 kg.

ISBN13

9781647266387

Categorías

Macroeconomía

Middle-Income Trap: An Analysis Based on Economic Transformations and Social Governance (en Inglés)

Maragret Matthews (Ilustrado por) · Clanrye International · Tapa Dura

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Reseña del libro "Middle-Income Trap: An Analysis Based on Economic Transformations and Social Governance (en Inglés)"

The middle income trap refers to a state of economic development in which a country achieves a specific level of income and then remains there. According to the World Bank, a middle-income country is the one that has a gross national income (GNI) per capita of $1,000-12,000 (in 2011 prices). It is divided into the lower and upper middle-income group at around $4,000. Many countries such as Argentina, Brazil, Mexico, Russia, and South Africa have faced this situation of middle-income trap for a long time. Countries that have GNI corresponding to lower-middle income must achieve a minimum growth rate of 4.7% per annum to ensure that they do not fall into the lower middle-income trap. Similarly, countries that have GNI corresponding to upper middle-income must achieve a minimum growth rate of 3.5% per annum to ensure that they do not fall into the upper middle-income trap. For countries, the only way to avoid the middle-income trap is to grow rapidly. This book is a valuable compilation of researches on the subject of middle-income trap. It will prove to be immensely beneficial to students and researchers in this field.