Next Article in Journal
Group Entropies: From Phase Space Geometry to Entropy Functionals via Group Theory
Next Article in Special Issue
The Role of Data in Model Building and Prediction: A Survey Through Examples
Previous Article in Journal
Macroscopic Entropy of Non-Equilibrium Systems and Postulates of Extended Thermodynamics: Application to Transport Phenomena and Chemical Reactions in Nanoparticles
Previous Article in Special Issue
Identifying Systemically Important Companies by Using the Credit Network of an Entire Nation
Article Menu
Issue 10 (October) cover image

Export Article

Open AccessArticle

The Middle-Income Trap and the Coping Strategies From Network-Based Perspectives

Guangdong Province Key Laboratory of Popular High Performance Computers, College of Computer Science and Software Engineering, Shenzhen University, Shenzhen 518060, China
*
Author to whom correspondence should be addressed.
Entropy 2018, 20(10), 803; https://doi.org/10.3390/e20100803
Received: 30 July 2018 / Revised: 15 October 2018 / Accepted: 15 October 2018 / Published: 18 October 2018
(This article belongs to the Special Issue Economic Fitness and Complexity)
  |  
PDF [2308 KB, uploaded 18 October 2018]
  |  

Abstract

When a developing country reaches a relatively average income level, it often stops growing further and its income does not improve. This is known as the middle-income trap. How to overcome this trap is a longstanding problem for developing countries, and has been studied in various research fields. In this work, we use the Fitness-Complexity method (FCM) to analyze the common characteristics of the countries that successfully get through the middle-income trap, and show the origin of the middle-income trap based on the international trade network. In the analysis, a novel method is proposed to characterize the interdependency between products. The results show that some middle-complexity products depend much on each other, which indicates that developing countries should focus on them simultaneously, implying high difficulty to escape the middle-income trap. To tackle the middle-income trap, developing countries should learn experiences from developed countries that share similar development history. we then design an effective method to evaluate the similarity between countries and recommend developed countries to a certain developing country. The effectiveness of our method is validated in the international trade network. View Full-Text
Keywords: fitness; complexity; economics; middle-income trap; complex network fitness; complexity; economics; middle-income trap; complex network
Figures

Figure 1

This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).
SciFeed

Share & Cite This Article

MDPI and ACS Style

Zhou, M.-Y.; Xiong, W.-M.; Li, X.-Y.; Liao, H. The Middle-Income Trap and the Coping Strategies From Network-Based Perspectives. Entropy 2018, 20, 803.

Show more citation formats Show less citations formats

Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Related Articles

Article Metrics

Article Access Statistics

1

Comments

[Return to top]
Entropy EISSN 1099-4300 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
Back to Top