“Middle-income trap” hinders progress in 108 developing countries: World Bank D_Trends
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 few decades, according to a new World Bank study that provides the first comprehensive roadmap to enable developing countries to escape the “middle-income trap.” Drawing on lessons of the past 50 … Read more