[PDF.39fk] Growing Beyond the Low-Cost Advantage: How the People's Republic of China can Avoid the Middle-Income Trap

Growing Beyond the Low-Cost Advantage: How the People's Republic of China can Avoid the Middle-Income Trap

[PDF.jq48] Growing Beyond the Low-Cost Advantage: How the People's Republic of China can Avoid the Middle-Income Trap

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 | #3317139 in eBooks |  2012-10-01 |  2012-10-01 | File type: PDF

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The economic success of the People's Republic of China (PRC) over the last three decades has brought with it new challenges. With a per capita gross national income of $4,930 in 2011, the PRC has just passed the threshold of upper-middle-income status and it still has a long way to go before becoming a high-income country. But with rising wages and population aging, growth will have to be increasingly driven by productivity improvement through innovation and industrial u...

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