The South Asian nation of India is a rising economic superpower. With a little luck, it will become a wealthy country by August 2047, the 100th anniversary of its independence. India’s growth record ...

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.

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 ...

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 ...

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 ...

Vietnam has announced its ambition to become a high-income country by 2045 by focusing on technology-driven growth and industrial modernisation, but there are several challenges that must be addressed ...

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 ...