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Escaping the middle-income trap: A study on a developing economy

Economics

Escaping the middle-income trap: A study on a developing economy

M. J. A. Islam, I. Mahmud, et al.

Can Bangladesh break free from the middle-income traps? This captivating study by Md. Jaber Al Islam and colleagues projects that with a remarkable per capita GNI growth rate of 9.69%, the nation could escape the lower-middle-income trap by 2029 and the upper-middle-income trap by 2041. However, the path to sustained growth is riddled with challenges, as revealed by contrasting quantitative analyses.

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Playback language: English
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