About Eva PausEva Paus is a professor of economics and the Carol Hoffmann Collins Director, McCulloch Center for Global Initiatives at Mount Holyoke College, Massachusetts, United States.
By Eva Paus. Posted April 13, 2017
The “middle income trap” captures the situation where a middle income country can no longer compete internationally in standardized, labor-intensive commodities because wages are relatively too high, and it can also not compete in higher value added activities on a broad enough scale because productivity is relatively too low. The result is slow growth, stagnant or falling wages, and a growing informal economy. Read more.
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