The Research Of The Middle-income Trap

With China’s economic development, China in2010, has entered the middle-income countries, middle-income trap is a study of the economic and socialdevelopment of the hot issues. The causes of domestic and middle-income trapsummarize, I think fall into the middle-income trap because the interventionsdeveloped to developing countries, the impact of its major contradiction betweenChina’s overall economic development situation stabilized, improved living standards,social stability and unity. But our society has encountered significant income gapbetween urban and rural areas, official corruption and other issues. Although theseproblems to some extent affect the realization of our national income, but not resolved,it will intensify social contradictions, the impact of the sustained and healthyeconomic and social development, and further affect the stability and unity of ourcountry, it will affect the realization of China’s per capita income. If the solution ofthe above problem is not timely, China may fall into a middle-income trap.China’sincome gap is widening facing employment difficulties and other problems onlybecause of the socialist aspects of the early stages of economic and socialdevelopment is not perfect.In the current situation, our country must study the middle-income trap. We usethe scientific concept of development theory and the theory of Marx discusses thefuture of society and draw foreign countries such as Argentina, Mexico, Malaysiacaught in the middle-income trap lessons, drawing on the success of Japan and Koreaacross the middle-income trap experience. Our proposed measures across the middle-income trap on these foundations. China should take the increase in farmers’ income,improve China’s social security system, the transformation of economic developmentmode, stimulating consumer demand and technological policies and measures toimplement a combination of research, improve our level of income, achieve sustained and healthy economic and social development.