{"product_id":"middle-income-trap-maragret-matthews-9781647266387","title":"Middle-Income Trap: An Analysis Based on Economic Transformations and Social Governance","description":"The middle income trap refers to a state of economic development in which a country achieves a specific level of income and then remains there. According to the World Bank, a middle-income country is the one that has a gross national income (GNI) per capita of $1,000-12,000 (in 2011 prices). It is divided into the lower and upper middle-income group at around $4,000. Many countries such as Argentina, Brazil, Mexico, Russia, and South Africa have faced this situation of middle-income trap for a long time. Countries that have GNI corresponding to lower-middle income must achieve a minimum growth rate of 4.7% per annum to ensure that they do not fall into the lower middle-income trap. Similarly, countries that have GNI corresponding to upper middle-income must achieve a minimum growth rate of 3.5% per annum to ensure that they do not fall into the upper middle-income trap. For countries, the only way to avoid the middle-income trap is to grow rapidly. This book is a valuable compilation of researches on the subject of middle-income trap. It will prove to be immensely beneficial to students and researchers in this field.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Maragret Matthews\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1647266386\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781647266387\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Clanrye International\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 09\/26\/2023\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 219\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.02lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.00h x 6.00w x 0.56d","brand":"Maragret Matthews","offers":[{"title":"Hardcover","offer_id":44450009579775,"sku":"9781647266387","price":152.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_8b5883d0-7050-45f5-b3d7-0c544477691e.jpg?v=1698502256","url":"https:\/\/www.whiterainbookhouse.com\/products\/middle-income-trap-maragret-matthews-9781647266387","provider":"WR Book House","version":"1.0","type":"link"}