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 ...

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 ...

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.

With the risk of India getting stuck in the middle-income trap, the government is working on a detailed report on how to ...

In the bustling corridors of the World Bank's Annual Meetings this past October, a diverse group of finance ministers and policymakers from across the globe convened to tackle a pressing issue: the ...

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 ...

Vietnam has announced its ambition to become a high-income country by 2045 by focusing on technology-driven growth and industrial modernisation, but there are several challenges that must be addressed ...

Spanning across all regions of the world -- from Latin America to Africa, from Eastern Europe to Southeast Asia and the Pacific -- middle-income countries (MICs) constitute over 100 countries, hosting ...

Bangladesh PM adviser Rashed Al Mahmud Titumir warned IMF loan conditions may slow growth and worsen inflation. Experts at a Dhaka seminar cautioned that rigid reforms, rising debt, and weak instituti ...