[PDF] Growing Beyond the Low-Cost Advantage: How the People's Republic of China can Avoid the Middle-Income Trap






 | #3298613 in eBooks |  2012-10-01 |  2012-10-01 | File Name: B00QT9J5L6

The economic success of the People's Republic of China (PRC) over the last three decades has brought with it new challenges. With a per capita gross national income of $4,930 in 2011, the PRC has just passed the threshold of upper-middle-income status and it still has a long way to go before becoming a high-income country. But with rising wages and population aging, growth will have to be increasingly driven by productivity improvement through innovation and industrial ...


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