Definitions from Wiktionary (middle income trap)
▸ noun: (economics) The situation where a country that attains a certain income gets stuck at that level, being unable to compete with other more developed economies in the high-value-added market.
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▸ noun: (economics) The situation where a country that attains a certain income gets stuck at that level, being unable to compete with other more developed economies in the high-value-added market.
Similar:
middle-income trap,
liquidity trap,
dual economy,
midmarket,
emerging market,
permanent income hypothesis,
poverty line,
income group,
snob effect,
overheating,
more...
▸ Words similar to middle income trap
▸ Usage examples for middle income trap
▸ Idioms related to middle income trap
▸ Wikipedia articles (New!)
▸ Words that often appear near middle income trap
▸ Rhymes of middle income trap
▸ Invented words related to middle income trap