According to the statistics from the National Bureau of Statistics of China, China's per capita income is already higher than the average of middle-income countries. However, from the analysis of the economic development of various countries in the world, only a few countries such as South Korea and Japan have successfully crossed the "middle income trap". After entering the middle income, most countries have been hovering in this range and cannot be crossed. This article analyzes the lessons learned by Latin American countries when they crossed the "middle income trap". On this basis, some experiences in avoiding the "middle-income trap" in China are put forward to provide useful references for China to successfully overcome the "middle-income trap" in the future.

middle-income trap

Latin American countries

enlightenment