What do you understand by the middle-income trap, Microeconomics

What do you understand by the middle-income trap

Problem

Go over any questions tutorial which have not been covered in class, reproduced below. See the related readings above.

i. What is the BRI? What was the Chinese government aiming to achieve through the BRI?

ii. What do you understand by the middle-income trap (MIT)? What would be the areas of improvement for China to avert this?

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Microeconomics: What do you understand by the middle-income trap

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Microeconomics: What do you understand by the middle-income trap

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