Middle income trap and comparison between selected contries: Bulgaria, Malaysia, China, South Korea and Turkey

The middle income trap (MIT) is defined as the failure in the economy to reach a higher income group after reaching a certain level of income and the standing of gdp per capita at the same level for many years without exceeding a certain threshold. In this thesis, the solutions for MIT were investigated at the point of the reasons, indications and effects of MIT by scanning literature in the frame of the MIT barrier. The purpose of this thesis is to point out the growth and development theories directing solution offers and guiding to countries which are example about to be unsuccessful at this subject. In this experiment the comparison of the selected countries (of Bulgaria, Malaysia, China, South Korea and Turkey) were performed in the frame of MIT according to the macroeconomic data and global competitiveness report index between the years of 1990-2018. What is the situations and solution offers of the selected countries against MIT by considering the growth process of them from past to present? In addition, what is the reason behind the success of the South Korean economy in the excess of the MIT barrier? Questions were sought. According to the survey, Bulgaria and Turkey for many years and will continue to wrestle with barrier, Malaysia's economic structure of Bulgaria and Turkey, which is better than the economic structure and concluded that the continuation of Malaysia's progressive economic structure has been reached. Furthermore, it is concluded that the Chinese economy is the closest country to overcome the MIT barrier and South Korea is the best in the selected countries in terms of economic structure compared to the selected countries. This thesis these days, especially after the declaration of the republic of Turkey's economy to grow adventures, with reference to case studies across the MIT takes place Turkey and Turkey's policy is to present proposals on the basis of special purpose.