The South Asian nation of India is a rising economic superpower. With a little luck, it will become a wealthy country by ...

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 ...

Finance Minister Sri Mulyani Indrawati has warned that its yearly 5% GDP growth, higher than the global average of 2%, is "not enough for [Indonesia] to achieve the meaningful progress" needed to ...

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 ...

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 ...

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 ...

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

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.

Indonesia's rise as an emerging economy is the latest of Asia's success stories. Yet the country's Finance Minister Sri Mulyani Indrawati has warned that its yearly 5% GDP growth, higher than the ...

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 ...