Drawing on the development experience and advances in economic analysis since the 1950s, World Development Report 2024 identifies what developing economies can do to avoid the “middle-income trap.” ...

This, to use a term coined by the World Bank, is the "middle-income trap". At the end of 2023, 108 countries were classified as middle-income, each with an annual GDP per capita in the range of $ ...

The author, a former vice chair of the National Economic Advisory Council for the President of South Korea, is distinguished professor of economics at Seoul National University. The term “middle ...

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 ...

Bouncing back after the COVID-19 pandemic has proven to be more difficult than anticipated. Many countries continue to be ...

The middle-income trap may well characterize the experience of Brazil and most of Latin America since the 1980s. Conversely, South Korea maintained its pace of evolution, reaching a high-income ...

6, No. 3, Fall 2015 A Marxist Approach of the Middle-Income ... A Marxist Approach of the Middle-Income Trap in China This is the metadata section. Skip to content viewer section. Since 2012, China is ...

THE idea of the middle-income trap has long haunted countries striving to reach high-income status. Indonesia, having recently attained upper middle-income status, is often cast as the latest ...

Combining overhauls in areas including business and external regulation, governance, and human development can boost output levels by 3 percent over four years.

The “middle-income trap” has become a broad designation trying to capture the many cases of developing countries that succeeded in evolving from low- to middle-levels of per capita income ...

Malay­sia is now exhibiting signs of a middle income trap and is in the “danger of being stuck in the middle”.