"Middle Income Trap" of the International Comparison and Enlightenment of China
|Keywords||Middle income trap growth mechanism development model international comparison|
After30years of reform and opening up the changes in turn the world upside down,China’s economic has processed a lot.2012GDP of China has passed$6000, and thishas caught up with middle-income countries footsteps. But China’s excessive heavyindustrialization, excessive reliance on exports, environmental pollution, unequalincome distribution problem is threatening the sustainable development of theChinese. A series of economic and social problems are highlighted, in order tomaintain sustained and rapid economic growth requires a series of reforms. From thedevelopment of the world economy, only a few countries and regions successfullycrossed the "middle income trap". Most of the country has been in the hover stateafter entering the middle-income ranks, failed to enter the ranks of high incomecountries. Between the important countries, only Japan and South Korea successfullycrossed the "middle income trap", and the Latin America and Southeast Asiancountries’ economic development sustained downturn, even if the rapid growth stageby stage is also unable to maintain, caught in a "middle-income trap".This paper introduces "the origin and definition of the Middle Income Trap",summarized the performance of “the Middle Income Trap" countries. Focus on therange of economic development in different countries, Latin American countries inthe process of economic development has experienced rapid development period andthe period of economic stagnation, so first, this paper will do longitudinal contrast ofLatin American countries in different historical stages of economic developmentreason and the period of economic stagnation. Secondly, comparing with Japan andSouth Korea which successfully crossed the "middle income trap" country andPhilippines, Indonesia, India failed to bridge the "middle income trap" country.Analysis of the economic policies of different countries, the differences between thetwo countries. Through the above two aspects of the international comparative studycombining the characteristics of the economic development of our country, putforward suitable for China’s economic development strategy. In this paper, by usingthe correlation analysis, the Gini coefficient and the unfair distribution of social influence on Leaping over "the Middle Income Trap", at the same time, usingregression analysis method, study on the influence factors of China’s per capita GDP,and is forecast to reach$10000per capita period, seeking to maintain high incomecondition factors. Through the international comparison and empirical analysis, forour success "provides a theoretical basis for the middle income trap".