One of the great questions facing China is whether or not its economy can continue to produce the rapid gains in welfare for its giant population that the country has witnessed over the past 30 years.

The author, a former vice chair of the National Economic Advisory Council for the President of South Korea, is distinguished professor of economics at Seoul National University. The term ...

By Abdurohman and Xianguo Huang FOR DECADES, the middle-income trap was viewed as a slow-burn structural dilemma. Economies grew rapidly by mobilizing labor and capital, then slowed when easy ...

LAST January, the flagship World Development Report of the World Bank Institute of Economic Development was published in distilled format. The condensed form — courtesy of the Korea Development ...

With its GNI per capita having increased steadily in recent years, China has probably evaded the middle-income trap. But the country may yet find itself ensnared in a kind of economic Thucydides trap: ...