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Asia Foundation President David D. Arnold Attends President Xi Jinping Welcome Dinner President Xi spoke to an audience of about 750 leaders from the private and public sectors. This marked President Xi’s first stop during a week-long visit to the United States.
October 07, 2015
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Middle-Income Trap: Economic Myth, Political Reality01/14/2014
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.