Middle Income Trap

This project identifies a crucial socio-economic problem the region is facing: the phenomena of the Middle Income Trap. This occurs when growth slows before economies can become high-income, resulting in stagnation. The group does a comprehensive review of its causes and suggests multiple solutions to the problem, including shifting to innovation-based growth, promoting regionalism, and boosting female participation rate in workforce. Reflecting on the past few decades of rapid economic growth in the region, the team finds SEA facing a critical inflection point, which calls for not any one silver bullet solution but rather a suite of complementary strategies to bolster the region's growth and ensure its resilience.

Participants

Chen Bi Rui
Muhammad Syuaib bin Mohamad Sukri
Cal Lim 
Nicole Ka Ohu Viengkhou Li

Mentor

Su Shien Ng

YOU MAY ALSO LIKE:

POST-PANDEMIC BUSINESS RECOVERY IN SOUTHEAST ASIA

ENTREPRENEURSHIP AMIDST PANDEMIC

Next
Next

POST-PANDEMIC BUSINESS RECOVERY IN SOUTHEAST ASIA