The current weakness of many emerging markets evokes the concept of the middle income trap

The concept of the middle income trap claims that after successfully evolving into an emerging market, a country has difficulty attaining the next higher status of advanded economy. This is definitely possible, however, and a number of countries have actually completed this transition by substantially improving their internal conditions. The discussion of the concept can provide ailing emerging markets with useful indications on how to overcome their current problems.

The current weakness of many emerging markets evokes the concept of the middle income trap(PDF, 41 KB, non-accessible)