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Acronyms that contain the term middle income trap
What does middle income trap mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: middle income trap.
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What does middle income trap mean?
- Middle income trap
- The middle income trap is a theoretical economic development situation, in which a country that attains a certain income (due to given advantages) gets stuck at that level. The World Bank defines as the 'middle-income range' countries with gross national product per capita that has remained between $1,000 to $12,000 at constant (2011) prices.
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"middle income trap." Abbreviations.com. STANDS4 LLC, 2024. Web. 18 Apr. 2024. <https://www.abbreviations.com/middle%20income%20trap>.
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