middle-income countries

Avoiding The Middle Income Trap: What Institutions Do Asian Nations Need To Keep Growing?

By David Dollar The notion of a ‘middle-income trap’ has entered the lexicon of policymakers in emerging markets in Asia and elsewhere. Many leaders of countries that have experienced fast growth — such as Chinese Premier Li Keqiang — worry that economic growth will come off the boil as their countries reach middle-income status. Growth … Continue reading →