Abstract:

The growth performance shown by some developing countries in the 2000s has made the national income per person of these countries close to the level of developed economies. However, the move of this approach to the capture level has been put into the new obstacles that must be overcome for countries with high average income levels. In the historical process, very few middle-income countries have succeeded in entering the high-income economy group.The question why the middle-income countries are not able to continue economic growth enough to become a high-income country has brought an important topic of discussion/research with the middle-income trap, a relatively new concept in economic literature. This study explains the determinants of OGT for the middle-income countries, which, using theoretical and analytical literature, transition from the low-income group to the middle-income group, but have a long time in the middle-income level and have difficulty transitioning to the high-income group; it displays policy suggestions in the context of protection/exit from OGT.

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