{"product_id":"middle-income-trap-an-analysis-based-on-economic-transformations-and-social-governance-hardcover","title":"Middle-Income Trap: An Analysis Based on Economic Transformations and Social Governance - Hardcover","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eMaragret Matthews\u003c\/b\u003e (Editor)\u003c\/p\u003e\u003cp\u003eThe 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.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 219\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.56 x 9 x 6 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e September 26, 2023\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":43316204535943,"sku":"9781647266387","price":192.73,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0601\/2623\/2711\/files\/T0DbFWbg7A9781647266387.webp?v=1760338217","url":"https:\/\/booksby.splitshops.com\/products\/middle-income-trap-an-analysis-based-on-economic-transformations-and-social-governance-hardcover","provider":"Books by splitShops","version":"1.0","type":"link"}