Lee, Keun; Li, Shi - In: Frontiers of Economics in China 9 (2014) 3, pp. 370-397
This paper discusses the possibility of China falling into the so-called middle income trap in terms of three … checkpoints: innovation capability, world-class big businesses, and inequality. Based on these criteria, our conclusions are as … follows: First, China has increasingly become innovative and thus differs from other middle income countries. Second, China …
