Define the concept of middle-income trap

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Reference no: EM133950566

Questions:

  1. Define the concept of "middle-income trap" and discuss the causes of the "middle-income trap" that has troubled many other developing countries.
  2. Do you believe "Made in China 2025" is a policy initiative which could transform the industrial profiles in China and help China to avoid "middle-income trap"? Elaborate your argument.
  3. What are the main criticisms of the "Made in China 2025"? On what ground critics believe the policy initiative is distorting global markets.

Reference no: EM133950566

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