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 ...

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

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 ...

Spoiler alert: It costs much more in 2025 to be considered “middle class” than it did in 1990. And that makes sense, given that both wages and the cost of living have increased significantly over the ...

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: ...

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 ...