The middle income trap from the economic point of view

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F21%3AA0000250" target="_blank" >RIV/47813059:19520/21:A0000250 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
The middle income trap from the economic point of view
Original language description
The middle income trap has recently become an issue. It is a theory that economists have been discussing especially in connection with slowly developing countries or countries with middle income. The middle income trap can be defined as an economic phenomenon when a country is not capable to make use of comparative advantages in form of labour demanding production and its economic growth stagnates. This economy thus remains in the doorway between poor countries with cheap labour and developed economies with high income. In its Transition Report 2017–2018, from 23 November 2017, the European Bank for Reconstruction and Development (EBRD) warned about the danger of the countries of Eastern and Middle Europe falling into the middle income trap. The middle income trap is a relatively frequent topic, for example the website patria.cz, in connection to the countries that managed to get among countries with middle income but have problems with further economic growth.
Czech name
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Czech description
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Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Book/collection name
SILESIA AND THE MIDDLE INCOME TRAP PROBLEM CZECH AND POLISH REGIONAL PERSPECTIVES
ISBN
9788075104830
Number of pages of the result
11
Pages from-to
17-27
Number of pages of the book
164
Publisher name
neuveden
Place of publication
Opava
UT code for WoS chapter
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