Alternative strategies to avoid middle-income trap: reform in turkey's higher education
Author(s) -
Halil Kürşad Aslan,
Murat Aslan
Publication year - 2018
Publication title -
journal of higher education and science
Language(s) - English
Resource type - Journals
eISSN - 2146-5967
pISSN - 2146-5959
DOI - 10.5961/jhes.2018.243
Subject(s) - middle income trap , trap (plumbing) , demographic economics , development economics , economics , political science , geography , china , meteorology , law
Middle-income trap is a status of stagnation in economic growth when countries reach middle-income levels in the simplest terms. The country has to enter into a process of fundamental restructuring in its economy in order to reach high-income from the middle-income levels. This restructuring process should be technology and innovation centered. On this regard, it is important to note that it would be the privilege of only a handful of countries which can afford to invest large enough research and development funds and facilities in the world
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