Is India’s $4 Trillion GDP Actually a Trap?
The middle-income trap is a critical economic challenge where nations achieve moderate prosperity but stall before reaching high-income status. This case study examines Malaysia’s economic rise and stagnation, South Korea’s transformation into a global powerhouse, and India’s current trajectory, highlighting lessons for avoiding the middle-income trap. Malaysia: The Miracle and the Trap In the 1960s, […]
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