Why Weak Institutions Trap Asian Economies in the Middle-Income Level
Weak institutions and fragmented policymaking represent the primary barriers preventing Asian economies from reaching high-income status, according to Asian Development Bank Institute (ADBI) Dean Bambang Brodjonegoro. Speaking at the International Economic Association World Congress, the former Indonesian finance minister argued that escaping the middle-income trap now requires institutional coherence and political stability rather than just … Read more
