The Asian Development Bank–led study argues that Kazakhstan’s future growth depends on moving beyond commodity dependence by ...

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 ...

The Asian Development Bank and its partners argue that Kazakhstan’s future growth depends on reducing its heavy reliance on commodities and empowering regions through fiscal decentralization, so local ...

Malaysia faces a real risk of a middle-income trap due to stagnant wages, brain drain, and over-reliance on depleting oil revenues. Despite attractive valuations and a diversified economy, structural ...

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 ...

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: ...

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 ...