Asian economies generally meet the conditions for a demography-driven middle-income trap, especially in East and Southeast Asia.
Blog posts on "middle-income trap"
A new ADB working paper provides insights into what factors drive growth at middle-income economies.
Considering an economy ‘stuck’ in an income segment is an incorrect characterization of how countries develop.
Total factor productivity growth in middle-income countries depends on innovation, human capital, and infrastructure.
Asia has the potential to realize the Asian Century, but only adopting bold and visionary policies can help make this a reality.
No one can say that the second largest economy in the world is trapped. Decades of structural change and rapid growth allowed for a swift transition from a low-income to a middle-income country. The challenge today lies in moving up to higher-income status. How could the People’s Republic of China (PRC) avoid the trap?
Developing countries in the region have made good progress in increasing student enrollments and financing for education; however, heightened spending has not effectively translated into improved education outcomes. High dropout rates and low completion rates in education further exacerbate the situation in many countries.