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 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 ...

ASIA Society Philippines (ASP), together with the Embassy of Hungary in the Philippines, hosted a fireside chat with Hungarian economist László György for his book, titled “The middle-class revolution ...

Among Indian Prime Minister Narendra Modi's most ambitious goals is to transform his country into a developed economy by Aug ...

Can India avoid the dreaded middle-income trap that has ensnared so many other developing countries in Latin America and Southeast Asia? Its favourable demographics, steadily improving economic govern ...

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: ...

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 ...