The concept of the middle‐income trap (MIT) continues to pose significant challenges for countries undergoing rapid industrialisation and economic reform. This phenomenon refers to the stage where ...
One of the great questions facing China is whether or not its economy can continue to produce the rapid gains in welfare for its giant population that the country has witnessed over the past 30 years.
A couple weeks ago, I mused a bit about how developing countries graduate into the leagues of the world’s richest nations, specifically looking at the case of Malaysia. That country has been stuck at ...
As India nears the $3,000 per capita mark, a coordinated push in skills, clean energy and AI could help it leapfrog the ...
The South Asian nation of India is a rising economic superpower. With a little luck, it will become a wealthy country by August 2047, the 100th anniversary of its independence. The country has the ...
Prime Minister Hun Manet is two years into his tenure, and he will have challenges to confront. His predecessor led the nation out of genocide, and brought it extraordinary development. During his ...
Bangladesh's new cabinet takes charge at a critical economic crossroads. As the country strives for inclusive growth, it ...
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Unlocking Africa’s potential through foreign direct investment to escape the middle-income trap
In the early stages of development, economic growth is largely driven by the contribution of labour. After that, capital and eventually technology increase in relative importance. This happened with ...
Senior Congress leader P Chidambaram on Sunday asserted that the growth rate of 6.5 per cent was not a moment of celebration, but it was telling of India being stuck in the lower-middle income trap ...
Can India avoid the dreaded middle-income trap that has ensnared so many other developing countries in Latin America and Southeast Asia? Its favorable demographics, steadily improving economic ...
With its GNI per capita having increased steadily in recent years, China has probably evaded the middle-income trap. But the country may yet find itself ensnared in a kind of economic Thucydides trap: ...
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