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 ...

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 ...

There is something quietly devastating about looking successful while actually struggling. Millions of middle-class ...

Can India avoid the dreaded middle-income trap that has ensnared so many other developing countries in Latin America and Southeast Asia? Its favorable demographics, steadily improving economic ...

The Philippines’ current growth trajectory is unlikely to be enough for the government to reach its goal of catapulting 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: ...

Corrections & Clarifications: An earlier version of this story misspelled Jeremy Horpedahl's name. America’s middle class is spooked about the economy. Consumer confidence has been falling for most of ...

Vietnam’s economic rise has been extraordinary. The country has made a triple transition from central planning to a market economy, from import substitution to export-led integration and from extreme ...