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.

Earlier this week, the Philippines had the honor of hosting the High-Level Conference of Middle-Income Countries (MICs), which convened more than 200 delegates from 24 countries and 77 stakeholder ...

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 ...

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 ...

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 ...

The World Development Report (WDR) 2024 titled “The MiddleIncome Trap” reported that about 108 middle-income countries are hovering around this status for the last sixty years and despite multiple ...

[00:00] - You're driving a car in stick shift. You're in first gear, you're kind of revving it up, speed increases, but not much faster. The same thing with economies. - Thank you, Andrea. I'm really ...