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2014 Asia Foundation Development Forum On September 18 in San Francisco, our Forum features the inaugural class of Asia Foundation Development Fellows, an inspirational network of young changemakers.
September 10, 2014
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Middle-Income Trap: Economic Myth, Political Reality
Case studies from Malaysia and Thailand. By Vijayakumari Kanapathy, Herizal Hazri, Pasuk Phongpaichit, and Pornthep Benyaapikul. Coordinated by Adam Burke. While Asia continues to set pace as the world's fastest growing region, some Asian middle-income countries (MICs) are showing signs of economic slowdown and face stiff competition from lower-cost economies. The implications that could result from this economic growth slowdown in MICs are of serious concern to economists and political decision-makers. The threat of the "middle-income trap" (MIT) looms over Asian MICs such as Thailand and Malaysia, the two countries profiled in this research initiative.
(Part of the Foundation's Poverty and Income Inequality collection)