The Institutional Advantages Of China Across The "Middle Income Trap"

The "middle-income trap"was proposed by world bank in 2006,which referred to the process of a country or economy move from middle income level to higher income level,due to the impact of various factors,the original support essential factors of economic development advantage boiled away,cannot continue to drive the economy to maintain high speed growth,resulting in economic stagnation and wandering.Since the reform and opening up,China's national economic development has made remarkable achievements,Chinese economy jumped from the tenth to second,the rate of contribution to world economic growth more than 20%in 2011.The GDP per capita of China growth to $8016 in 2015,located in the the transition from middle income stage to the higher income stage.However,behind the results of the tremendous progress,the various contradictions continue to highlight and intertwined,facing the risk of falling into the middle-income trap.Based on the system level as a breakthrough,in-depth analysis of the "middle income trap" which smoothly acrossed the country and fell into a "middle-income trap" countries,compared to the two in the economic system,political system,cultural system,social system,the institutional differences lead to the different destiny.The country which spans successfully,in economic terms,transformed economic system duly;in the political aspect,had a good leadership and governance of the government;in the cultural aspect,the influence of Confucian culture;in terms of society,attach importance to the innovation of social mechanism.The country which fell into the trap,in economy,failed in the the economic system reform;the political aspect,the political system was not suitable for its own development;in culture aspect,Iberian cultural tradition has far-reaching influence;in social aspect,Ignored the construction of social security mechanism.Comparing the two different modes,will bring us very useful enlightenment.These comparison and inspiration indicated that China has advantages in system during the period of the "middle income trap",such as the advantages of the common prosperity of the economic system,the democratic advantage of the political system,the advantage of harmonious social system,cultural system of value consensus advantage,the institutional advantages of ecological civilization.These institutional advantages provide a powerful guarantee for China to across the "middle-income trap".