Communications in Humanities Research
- The Open Access Proceedings Series for Conferences
Communications in Humanities Research
Vol. 29, 19 April 2024
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How Can China Escape the Middle-Income Trap?
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Abstract
As one of the most widely discussed terms in recent decades, the “middle-income trap” refers to a dilemma in which middle-income economies struggle to achieve high-income status. After becoming an upper middle-income country in 2010, China has been stuck in the middle, facing the problem of economic stagnation. This research focuses on the steps taken by the countries that have successfully escaped the middle-income trap and figures out how those actions can shed light on the policy-making in China. The conclusion drawn from the work is that the Chinese government should present a co-creation and pro-industry attitude towards private sectors for industrial upgrading and developing vocational education, enhancing the connection between schools and enterprises in providing courses and pipelining talents. This work points out the policies China can work on to escape the middle-income trap by adjusting the relationship between the government and enterprises and transforming its rich population resources into a reliable reserve of highly qualified labor forces.
Keywords
The middle-income trap, Chinese economy, industrialization, private sector, education system
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the International Conference on Global Politics and Socio-Humanities
- ISBN (Print)
- 978-1-83558-365-4
- ISBN (Online)
- 978-1-83558-366-1
- Published Date
- 19 April 2024
- Series
- Communications in Humanities Research
- ISSN (Print)
- 2753-7064
- ISSN (Online)
- 2753-7072
- DOI
- 10.54254/2753-7064/29/20230627
- Copyright
- 19 April 2024
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited