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New Urbanization and Over-Leaping the Middle Income Trap—A Case Study of Henan Province

  • Laijun Luo
  • Yongsu Wang
Chapter

Abstract

According to Li Yining’s analysis (2013a, b, c), Middle Income Trap consists of three “Traps” the major countermeasures to which are as follow: deepening the reform of the traditional system to get rid of the Institutional Trap of Development; narrowing the income gap between urban and rural areas and innovating social management to bypass the Social Crisis Trap through technology innovation and capital market to tackle the Technology Trap.

References

  1. Li, Yining. 2013a. The driving force of economic development lies in the private sector. Theoretical Study 1.Google Scholar
  2. Li, Yining. 2013b. We Can Completely Bypass the Middle Income Trap. Working Paper.Google Scholar
  3. Li, Yining. 2013c. Promote land-ownership reform and recover peasants’ three rights and three certificates. Rural Work Communication 2.Google Scholar
  4. Lu, Hao. 2011. Several thoughts on economic and social development in the 12th five-year plan. Economic Research 10.Google Scholar

Copyright information

© The Commercial Press, Ltd. and Springer Nature Singapore Pte Ltd. 2019

Authors and Affiliations

  • Laijun Luo
    • 1
  • Yongsu Wang
    • 2
  1. 1.Guanghua School of ManagementPeking UniversityBeijingChina
  2. 2.Development Research Center of Henan Provincial People’s GovernmentHenanChina

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