Drawing on the development experience and advances in economic analysis since the 1950s, World Development Report 2024 identifies what developing economies can do to avoid the “middle-income trap.” ...

WASHINGTON, August 1, 2024—More than 100 countries—including China, India, Brazil, and South Africa—face serious obstacles that could hinder their efforts to become high-income countries in the next ...

India is among over 100 countries that will face “serious obstacles” in the next few decades to become high-income countries, as per a new World Bank report. It noted that India could take as ...

Titled "The Middle-Income Trap", the report observes that while most countries are able to get from low- to middle-income, getting from middle- to high-income is much less common and far more ...

The World Bank (WB) has urged Vietnam to take urgent action to adapt to climate change, in addition to its policy ...

The term “middle-income trap” refers to the tendency of fast-growing developing economies to lose momentum well before they achieve high-income status. First introduced by World Bank economist ...

Guyana’s oil resources have seen it transition to a ‘high-income economy’, as the World Bank reported that while this country sits with high economy countries many parts of the Caribbean and ...

But they're heading in the right direction," he said. Indrawati hopes to avoid "the middle-income trap" — an economic development situation where growing economies stagnate at middle-income ...

the country is not alone in struggling to get out of the middle-income trap and the problems faced by many MICs including poverty, hunger, inequality, climate change, a widening digital divide ...