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    Passage - 4

    The IMF has pointed out that the fast growing economies of Asia face the risk of falling into 'middle-income trap'. It means that average incomes in these countries, which till now have been growing rapidly, will stop growing beyond a point—a point that is well short of incomes in the developed West. The IMF identifies a number of causes of middle-income trap—none of which is surprising—from infrastructure to weak institutions, to leas than favourable macroeconomic conditions. But the broad, overall cause, says IMF, is a collapse in the growth of productivity.

    Which among the following is the most logical, rational and critical inference that can be made from the above passage?

  • Once a country reaches middle-income stage, it runs the risk of falling productivity which leads to stagnant incomes.
  • Falling into middle-income trap is a general characteristic of fast growing economies.
  • There is no hope at all for emerging Asian economies to sustain the growth momentum.
  • As regards growth of productivity, the performance of Asian economies is not satisfactory.

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