Asia’s Middle-Income Challenge: An Overview

Gemma Estrada (), Xuehui Han, Donghyun Park and Shu Tian

Emerging Markets Finance and Trade, 2018, vol. 54, issue 6, 1208-1224

Abstract: Developing Asia has undergone a dramatic shift over the past five decades from a region of mainly low-income economies toward one that is largely middle income. The region faces the challenge of moving further to high income particularly because, as this study shows, it takes longer for economies to move from upper middle to high income than shifting from lower middle to upper middle income. The study finds that developing Asian economies transformed more quickly than the rest of the world, whether the transition is from lower middle to upper middle income or from upper middle to high income.

Date: 2018
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DOI: 10.1080/1540496X.2017.1421939

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