middle income traps

A form of middle income trap — 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.

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Meanings

noun
  1. pluralplural of middle income trap
Cite this entry
APA

middle income traps. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/middle%20income%20traps

MLA

“middle income traps.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/middle%20income%20traps. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “middle income traps,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/middle%20income%20traps.

Source: middle income traps on Wiktionary, CC BY-SA 4.0.