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1、LindaGlaweisaresearcheratthedepartmentofmacroeconomics,UniversityofHagen.HelmutWagnerisChairinMacroeconomics,FacultyofEconomics,UniversityofHagen.TheviewsexpressedinthispaperaretheviewsoftheauthoranddonotnecessarilyreflecttheviewsorpoliciesofADBI,ADB,itsB
2、oardofDirectors,orthegovernmentstheyrepresent.ADBIdoesnotguaranteetheaccuracyofthedataincludedinthispaperandacceptsnoresponsibilityforanyconsequencesoftheiruse.TerminologyusedmaynotnecessarilybeconsistentwithADBofficialterms.Workingpapersaresubjecttoforma
3、lrevisionandcorrectionbeforetheyarefinalizedandconsideredpublished.TheWorkingPaperseriesisacontinuationoftheformerlynamedDiscussionPaperseries;thenumberingofthepaperscontinuedwithoutinterruptionorchange.ADBI’sworkingpapersreflectinitialideasonatopicandare
4、postedonlinefordiscussion.ADBIencouragesreaderstoposttheircommentsonthemainpageforeachworkingpaper(giveninthecitationbelow).Someworkingpapersmaydevelopintootherformsofpublication.ADBrecognizes“China”asthePeople’sRepublicofChina;“HongKong”asHongKong,China;
5、and“Korea”astheRepublicofKorea.Unlessotherwisestated,boxes,figuresandtableswithoutexplicitsourceswerepreparedbytheauthors.Suggestedcitation:Glawe,L.andH.Wagner.2017.ThePeople’sRepublicofChinaintheMiddle-IncomeTrap?ADBIWorkingPaper749.Tokyo:AsianDevelopmen
6、tBankInstitute.Available:https://www.adb.org/publications/prc-middle-income-trapPleasecontacttheauthorsforinformationaboutthispaper.Email:linda.glawe@fernuni-hagen.de,helmut.wagner@fernuni-hagen.deAfirstversionofthispaperwaspresentedattheADBI-CASSConferen
7、ce,“TheMiddleIncomeTrapinAsia.”WewouldliketothankallparticipantsanddiscussantsoftheconferenceaswellasDenisStijepicforhishelpfulcomments.AsianDevelopmentBankInstituteKasumigasekiBuilding,8thFloor3-2-5Kasumigaseki,Chiyoda-kuTokyo100-6008,JapanTel:+81-3-3593
8、-5500Fax:+81-3-3593-5571URL:www.adbi.orgE-mail:info@adbi.org©2017AsianDevelopmentBankInstituteADBIWorkingPaper749GlaweandWagnerAbstractOverthelastdecade,agrowingbodyofliteraturedealingwiththephenomenonofthe“middle-i
