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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Middle-Income Trap: An Analysis Based on Economic Transformations and Social Governance

Middle-Income Trap: An Analysis Based on Economic Transformations and Social Governance

Zheng, Zhijie

Hardcover

Business GeneralEconomicsGeneral Sociology

ISBN10: 9811574006
ISBN13: 9789811574009
Publisher: Palgrave MacMillan
Published: Sep 22 2020
Pages: 645
Weight: 2.13
Height: 1.44 Width: 5.83 Depth: 8.27
Language: English
This book explores the essence of the middle-income trap based on two major perspectives, namely economic transformation and social transformation. China has experienced high-speed economic growth for nearly 40 years since the adoption of the Reform and Opening policies. However, China's economic growth has been slowing down significantly in recent years. Has China tumbled into the middle-income trap? This book reveals the essence of the middle-income trap is that a country's economic growth is facing a double squeeze in the middle-income stage, while the social structure and system are unsuitable for the new social development stage, which leads to economic stagnation or recession, and the aggravation of social contradictions, that is, the double predicament of economic transformation and social transformation. This judgment is of great value for understanding the problems encountered in the current development of China.

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