Over the last decade, a growing body of literature dealing with the phenomenon of the "middle-income trap" (MIT) has emerged. The term MIT usually refers to countries that have experienced rapid growth and thus reached the status of a middle-income country (MIC) in a very short period of time,...

This paper covers threes issues: first, defining and measuring inclusive growth; second, the relationship between international trade and inequality; and third, the links between infrastructure and inequality. Both international trade and infrastructure make it easier for people to exchange...

This study investigates the economic growth and catch-up of the Republic of Korea over the past half-century. The gap of output per worker between the Republic of Korea and United States has decreased rapidly, as the Republic of Korea's lower per capita income, relative to its potential level,...

Across the world, researchers and business analysts are closely watching the People’s Republic of China (PRC), especially its recent economic slowdown. The Asia and Pacific region is extremely anxious about the PRC’s slowdown, but the rest of the world has a definite reason to worry about...

India's financial sector is not deeply integrated with the global financial system, which spared it the first round adverse effects of the global financial crisis and left Indian banks mostly unaffected. However, as the financial crisis morphed in to a full-blown global economic downturn, India...

Confronted by the current global economic crisis, Taipei, China's economy has suffered much like its neighbors. However, Taipei, China is different from other East Asia economies in several aspects. First, Taipei, China's industrial organization is dominated by small and medium-sized enterprises...

The Indian economy has shown considerable resilience to the global economic crisis by maintaining one of the highest growth rates in the world. The services sector accounted for around 88% of the growth rate in real gross domestic product in 2008-09. To demystify the relatively resilient growth...

The objective of this study is to explore the gender dynamics of globalization and human development at the individual level by covering geo-socioeconomic factors in Odisha, India. The study uses primary data collected through a structured survey schedule from 579 individuals in Odisha. By using...