Frontiers | Evidence of the Middle-Income Trap in Latin American Countries: Factor Analysis Approach Using Regression and the ARDL Model
The middle-income trap (MIT) is often accompanied by the decline or stagnation of economic growth, unreasonable domestic industrial structure, and serious polarization be-tween the rich and the poor. However, due to different international environments, different specific national conditions, and different development policies adopted by each country, the manner in which to get out of the MIT varies. Transforming the mode of economic growth and realizing sustainable economic development is an important means for a country or region to escape from the "trap" of economic stagnation. Th...
Source: frontiersin.org