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In the bustling corridors of the World Bank's Annual Meetings this past October, a diverse group of finance ministers and policymakers from across the globe convened to tackle a pressing issue: the ...

Finance Minister Sri Mulyani Indrawati has warned that its yearly 5% GDP growth, higher than the global average of 2%, is "not enough for [Indonesia] to achieve the meaningful progress" needed to ...

ASEAN’s middle-income economies face mounting challenges escaping economic stagnation due to weak institutions, limited domestic innovation and over-reliance on foreign multinationals. Unlike ...

One of the great questions facing China is whether or not its economy can continue to produce the rapid gains in welfare for its giant population that the country has witnessed over the past 30 years.

The World Bank recently announced that 34 economies have achieved high-income status in recent decades, suggesting that the middle-income trap may not be as formidable as many believed. But this ...

Earlier this week, the Philippines had the honor of hosting the High-Level Conference of Middle-Income Countries (MICs), which convened more than 200 delegates from 24 countries and 77 stakeholder ...

The author, a former vice chair of the National Economic Advisory Council for the President of South Korea, is distinguished professor of economics at Seoul National University. The term ...