Middle-Income Trap: Economic Myth, Political Reality

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By Vijayakumari Kanapathy, Herizal Hazri, Pasuk Phongpaichit, and Pornthep Benyaapikul

Case studies from Malaysia and Thailand

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.

Posted January 14, 2014
Related locations: Malaysia, Thailand
Related programs: Economic Opportunity
Related topics: Advanced Middle Income Countries

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The health and safety of our community, partners, grantees, and staff is our top priority. As the COVID-19 health emergency unfolds, we are working hard to continue and adapt the Foundation’s important programs focused on improving lives and expanding opportunities on the ground in Asia. Read more about our COVID-19 response.