Finance Minister Sri Mulyani Indrawati has warned that its yearly 5% GDP growth, higher than the global average of 2%, is "not enough for [Indonesia] to achieve the meaningful progress" needed to ...

We investigate the existence of a middle-income trap using finite state Markov chains, constant growth thresholds, and mean passage times. As well as studying output per head, we examine the dynamics ...

India’s economy is at a crossroads as it confronts the middle-income trap, a challenge faced by many developing nations. This video explores the risks and opportunities ahead. Understanding this trap ...

The World Bank recently announced that 34 economies have achieved high-income status in recent decades, suggesting that the middle-income trap may not be as formidable as many believed. But this ...

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 ...

WASHINGTON, August 1, 2024—More than 100 countries—including China, India, Brazil, and South Africa—face serious obstacles that could hinder their efforts to become high-income countries in the next ...

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.

ASEAN’s middle-income economies face mounting challenges escaping economic stagnation due to weak institutions, limited domestic innovation and over-reliance on foreign multinationals. Unlike ...

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: ...