Word Pronunciation & Dictionary

middle income trap

Word Rarity Uncommon

Frequency: Zipf frequency 4.19 in modern English

Syllables: mid-dle in-come -trap
IPA

26

Scrabble Score

16

Letters

4

Syllables

12

Unique Chars

Meaning

noun

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.

Example Sentences

"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."
"Chinese economists have for many years also worried about the “middle-income trap”, a situation where a country that has reached a certain level of income gets stuck for a long time."

Etymology

Coined by Indian economist Indermit Gill and economist Homi Kharas in 2007 in their book An East Asian Renaissance: Ideas for Economic Growth.

Inflected Forms

middle income traps (plural) middle-income trap (alternative)

Questions

What does middle income trap mean?: 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.
Where does middle income trap come from?: Coined by Indian economist Indermit Gill and economist Homi Kharas in 2007 in their book An East Asian Renaissance: Ideas for Economic Growth.

How to pronounce middle income trap

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