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 ...

Spoiler alert: It costs much more in 2025 to be considered “middle class” than it did in 1990. And that makes sense, given that both wages and the cost of living have increased significantly over the ...

That said, the shifts in middle-class household income requirements have not been the same in every state. In some states, the household income range of the middle class hasn’t increased quite as much ...

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: ...

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 ...