English Dictionary

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.

Many developing countries are struggling to escape the middle income trap.

意味（1）

(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.

Thailand and Malaysia are hemmed in by the so-called middle-income trap, which suggests that while countries can move up from the ranks of the very poor, moving further forward is more complex, as competitiveness falls off and costs for investors increase.