Monday, December 12, 2011

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Experts point out that many countries after becoming a middle-income countries, faced with the "middle income trap" trouble, that will become a middle-income countries with weak economic growth, per capita income is difficult to improve the phenomenon that first emerged in Latin America , then in some Asian countries have begun to appear. Blue Book recommends substantially enhancing our competitiveness in high-tech industries, export-oriented to import substitution; further improve the productivity of low-technology industries; the same time enhancing the strategic emerging industries, creative industries and service innovation chain construction.
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The World Bank is based on gross national income per capita levels of economic development of countries in the world group. Usually divided into four groups around the world, that low-income countries, lower-middle income countries, upper middle-income countries and high-income countries.
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However, these standards are not fixed, but with the economic development continue to be adjusted. Data released by the World Bank in 2008, the latest standard for the income groups: per capita income less than $ 975 for low-income countries, between 976-3855 U.S. dollars for the lower-middle income countries, between the 3856-11905 U.S. dollars for the upper-middle-income countries, more than $ 11,906 for high-income countries.

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