The transition from middle-income to high-income stage is fraught with risks of growth divergence.Economic transition is clouded by the following possibilities:(1) falling share of industrial sector through industrial...The transition from middle-income to high-income stage is fraught with risks of growth divergence.Economic transition is clouded by the following possibilities:(1) falling share of industrial sector through industrial depression and weakening growth momentum caused by the large urbanization costs;(2) the subordination of service sector as a result of nearly irreversibly industrial professional,which falters the process of service sector transition and upgrading;(3) inefficient knowledge production allocation and human capital upgrade due to the absence of incentivized compensation of knowledge consumption.We suggest that a country should reshape its efficiency model by upgrading knowledge factor and human capital as the pre-requisite.Given the dilemmas of transition,China should take the factorization trend of service sector and reshape efficiency model through institutional reform,ensuring that service sector will develop in tandem with industrial sector.展开更多
Nowadays,more than 50%of the world population live in middle-income economies.Economies in the middle-income development stage are confronted with a number of challenges,such as economic restructuring,industrial upgra...Nowadays,more than 50%of the world population live in middle-income economies.Economies in the middle-income development stage are confronted with a number of challenges,such as economic restructuring,industrial upgrade and income growth.Therefore,academia around the world have paid much attention to theoretical and empirical researches of the "middle income trap " and long-term trends of global economic growth.Based on analyses about the long-term growth path of the world economy and the characteristics of different stages of economic development,this paper defines the "middle income trap" and its characteristics and examines,through a large number of cases from different economies,the reasons why "growth slowdown " arises during the middle-income development stage.These theoretic and empirical researches have reference value and heuristic meaning for China to actively respond to the challenges of the "middle income trap ".展开更多
基金sponsored by major tendering projects of National Social Sciences Foundation "Study on Accelerating Economic Adjustment and Coordinated Development"(Grant No.12&ZD084) and "Study on Contribution of Consumption to Economic Growth under Shifting Demand Structure"(Grant No.15ZDC011)projects of National Social Sciences Foundation "Study on China's Structural Growth Deceleration,Transition Risks and Efficiency Improvement Path"(Grant No.14AJL006) and "Study on the Scale,Spatial Clustering and Management Model of Chinese Cities"(Grant No.15ZDC011)
文摘The transition from middle-income to high-income stage is fraught with risks of growth divergence.Economic transition is clouded by the following possibilities:(1) falling share of industrial sector through industrial depression and weakening growth momentum caused by the large urbanization costs;(2) the subordination of service sector as a result of nearly irreversibly industrial professional,which falters the process of service sector transition and upgrading;(3) inefficient knowledge production allocation and human capital upgrade due to the absence of incentivized compensation of knowledge consumption.We suggest that a country should reshape its efficiency model by upgrading knowledge factor and human capital as the pre-requisite.Given the dilemmas of transition,China should take the factorization trend of service sector and reshape efficiency model through institutional reform,ensuring that service sector will develop in tandem with industrial sector.
文摘Nowadays,more than 50%of the world population live in middle-income economies.Economies in the middle-income development stage are confronted with a number of challenges,such as economic restructuring,industrial upgrade and income growth.Therefore,academia around the world have paid much attention to theoretical and empirical researches of the "middle income trap " and long-term trends of global economic growth.Based on analyses about the long-term growth path of the world economy and the characteristics of different stages of economic development,this paper defines the "middle income trap" and its characteristics and examines,through a large number of cases from different economies,the reasons why "growth slowdown " arises during the middle-income development stage.These theoretic and empirical researches have reference value and heuristic meaning for China to actively respond to the challenges of the "middle income trap ".
