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 ...
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 ...
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: ...
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