Kazakhstan has encountered a classic “middle-income trap,” where traditional sources of growth such as natural resources and ...

With the risk of India getting stuck in the middle-income trap, the government is working on a detailed report on how 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 ...

Kazakhstan’s President Kassym-Jomart Tokayev has called for a rapid transition to a fully integrated, AI-powered economy, warning that delays risk trapping the nation in economic stagnation. Speaking ...

Economies with low diversification will face challenges in coming out of the middle-income trap, said the head of the Asian Development Bank Institute (ADBI) yesterday.

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 ...