Publication

This Insight argues that China's economy has inched up to the so-called "middle-income trap," which is a phenomenon where rapidly growing economies stagnate at middling levels and fail to ascend into the ranks of higher-income nations. The text's author concludes that the important point here is not whether China will get caught in this theoretical trap, but whether its growth and development will become stunted in a way that impedes its role as a responsible global actor.