Changes

The Asia Society describes the [[middle-income trap]] thusly: "The “middle-income trap” is a theory of economic development in which wages in a country rise to the point that growth potential in export-driven low-skill manufacturing is exhausted before it attains the [[Innovation|innovative]] capability needed to boost [[productivity]] and compete with developed countries in higher value-chain industries. Thus, there are few avenues for further growth — and wages stagnate."<ref>[https://asiasociety.org/new-york/china-may-be-running-out-time-escape-middle-income-trap China May Be Running Out of Time To Escape the Middle-Income Trap], Asia Society, 2017</ref>

The Asia Society describes the [[middle-income trap]] thusly: "The “middle-income trap” is a theory of economic development in which wages in a country rise to the point that growth potential in export-driven low-skill manufacturing is exhausted before it attains the [[Innovation|innovative]] capability needed to boost [[productivity]] and compete with developed countries in higher value-chain industries. Thus, there are few avenues for further growth — and wages stagnate."<ref>[https://asiasociety.org/new-york/china-may-be-running-out-time-escape-middle-income-trap China May Be Running Out of Time To Escape the Middle-Income Trap], Asia Society, 2017</ref>

'''Pro-con material related to whether or not China escapes the middle-income trap'''

'''Pro and con material related to whether or not China escapes the middle-income trap'''

*[[Middle-income trap#Material related to whether or not China escapes the middle-income trap|Pro-con material related to whether or not China escapes the middle-income trap]]

*[[Middle-income trap#Material related to whether or not China escapes the middle-income trap|Pro and con material related to whether or not China escapes the middle-income trap]]

== History ==

== History ==