middle income traps
middle income traps is the plural of middle income trap.
Meaning of middle income trap
Noun
middle income trap (plural middle income traps)
- 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.
- 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.2010 December 23, Simon Roughneen, “Vietnam: a development success story?”, in The Guardian
Questions about middle income traps
- What is middle income traps the plural of?
- Middle income traps is the plural of middle income trap.
Words near middle income traps in the dictionary
Source and license
Adapted from Wiktionary: middle income traps (page history and authors); middle income trap (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
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Cite this entry: “middle income traps.” Word.ws, https://word.ws/middle_income_traps. Based on Wiktionary, CC BY-SA 4.0.
