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From Global Public Square Thu Jan 17 2013, 19:21:24

By Fareed Zakaria Is China heading for the middle-income trap? The answer to that question could lay in inequality, research highlighted by Peter Orszag on Bloomberg suggests. The middle-income trap, which Orszag notes typically occurs at two income levels -$10,000 per capita and around $15,000 - is the point where rapid growth in developing countries [...]

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